Coty Balance Sheet Health
Financial Health criteria checks 1/6
Coty has a total shareholder equity of $4.4B and total debt of $3.9B, which brings its debt-to-equity ratio to 88.4%. Its total assets and total liabilities are $12.3B and $7.9B respectively. Coty's EBIT is $675.6M making its interest coverage ratio 2.7. It has cash and short-term investments of $260.2M.
Key information
88.4%
Debt to equity ratio
US$3.91b
Debt
Interest coverage ratio | 2.7x |
Cash | US$260.20m |
Equity | US$4.42b |
Total liabilities | US$7.90b |
Total assets | US$12.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: COTY's short term assets ($2.0B) do not cover its short term liabilities ($2.5B).
Long Term Liabilities: COTY's short term assets ($2.0B) do not cover its long term liabilities ($5.4B).
Debt to Equity History and Analysis
Debt Level: COTY's net debt to equity ratio (82.5%) is considered high.
Reducing Debt: COTY's debt to equity ratio has reduced from 96.7% to 88.4% over the past 5 years.
Debt Coverage: COTY's debt is not well covered by operating cash flow (13.9%).
Interest Coverage: COTY's interest payments on its debt are not well covered by EBIT (2.7x coverage).