Covivio Hotels Balance Sheet Health
Financial Health criteria checks 2/6
Covivio Hotels has a total shareholder equity of €3.6B and total debt of €2.5B, which brings its debt-to-equity ratio to 70%. Its total assets and total liabilities are €6.7B and €3.2B respectively. Covivio Hotels's EBIT is €286.4M making its interest coverage ratio 2.9. It has cash and short-term investments of €108.8M.
Key information
70.0%
Debt to equity ratio
€2.49b
Debt
Interest coverage ratio | 2.9x |
Cash | €108.78m |
Equity | €3.55b |
Total liabilities | €3.17b |
Total assets | €6.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: COVH's short term assets (€432.8M) exceed its short term liabilities (€429.7M).
Long Term Liabilities: COVH's short term assets (€432.8M) do not cover its long term liabilities (€2.7B).
Debt to Equity History and Analysis
Debt Level: COVH's net debt to equity ratio (67%) is considered high.
Reducing Debt: COVH's debt to equity ratio has reduced from 86.9% to 70% over the past 5 years.
Debt Coverage: COVH's debt is not well covered by operating cash flow (13%).
Interest Coverage: COVH's interest payments on its debt are not well covered by EBIT (2.9x coverage).