Colas Balance Sheet Health
Financial Health criteria checks 4/6
Colas has a total shareholder equity of €2.8B and total debt of €1.7B, which brings its debt-to-equity ratio to 61.8%. Its total assets and total liabilities are €11.9B and €9.0B respectively. Colas's EBIT is €283.0M making its interest coverage ratio 3.2. It has cash and short-term investments of €387.0M.
Key information
61.8%
Debt to equity ratio
€1.74b
Debt
| Interest coverage ratio | 3.2x |
| Cash | €387.00m |
| Equity | €2.82b |
| Total liabilities | €9.05b |
| Total assets | €11.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0NZ1's short term assets (€7.1B) do not cover its short term liabilities (€7.3B).
Long Term Liabilities: 0NZ1's short term assets (€7.1B) exceed its long term liabilities (€1.7B).
Debt to Equity History and Analysis
Debt Level: 0NZ1's net debt to equity ratio (48.1%) is considered high.
Reducing Debt: 0NZ1's debt to equity ratio has reduced from 70.3% to 61.8% over the past 5 years.
Debt Coverage: 0NZ1's debt is well covered by operating cash flow (46.3%).
Interest Coverage: 0NZ1's interest payments on its debt are well covered by EBIT (3.2x coverage).