Covivio Hotels Balance Sheet Health
Financial Health criteria checks 1/6
Covivio Hotels has a total shareholder equity of €3.5B and total debt of €3.0B, which brings its debt-to-equity ratio to 86.2%. Its total assets and total liabilities are €7.2B and €3.7B respectively. Covivio Hotels's EBIT is €291.4M making its interest coverage ratio 2.7. It has cash and short-term investments of €471.6M.
Key information
86.2%
Debt to equity ratio
€3.01b
Debt
| Interest coverage ratio | 2.7x |
| Cash | €471.60m |
| Equity | €3.49b |
| Total liabilities | €3.70b |
| Total assets | €7.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9FM's short term assets (€1.1B) exceed its short term liabilities (€683.1M).
Long Term Liabilities: 9FM's short term assets (€1.1B) do not cover its long term liabilities (€3.0B).
Debt to Equity History and Analysis
Debt Level: 9FM's net debt to equity ratio (72.7%) is considered high.
Reducing Debt: 9FM's debt to equity ratio has increased from 80.2% to 86.2% over the past 5 years.
Debt Coverage: 9FM's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: 9FM's interest payments on its debt are not well covered by EBIT (2.7x coverage).