Covivio Balance Sheet Health
Financial Health criteria checks 2/6
Covivio has a total shareholder equity of €11.9B and total debt of €11.3B, which brings its debt-to-equity ratio to 94.8%. Its total assets and total liabilities are €25.5B and €13.6B respectively. Covivio's EBIT is €797.3M making its interest coverage ratio 2.5. It has cash and short-term investments of €1.3B.
Key information
94.8%
Debt to equity ratio
€11.25b
Debt
| Interest coverage ratio | 2.5x |
| Cash | €1.34b |
| Equity | €11.87b |
| Total liabilities | €13.59b |
| Total assets | €25.46b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: COV's short term assets (€2.9B) exceed its short term liabilities (€2.2B).
Long Term Liabilities: COV's short term assets (€2.9B) do not cover its long term liabilities (€11.4B).
Debt to Equity History and Analysis
Debt Level: COV's net debt to equity ratio (83.5%) is considered high.
Reducing Debt: COV's debt to equity ratio has reduced from 95.6% to 94.8% over the past 5 years.
Debt Coverage: COV's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: COV's interest payments on its debt are not well covered by EBIT (2.5x coverage).