Coats Group Balance Sheet Health
Financial Health criteria checks 5/6
Coats Group has a total shareholder equity of $610.6M and total debt of $511.2M, which brings its debt-to-equity ratio to 83.7%. Its total assets and total liabilities are $1.8B and $1.1B respectively. Coats Group's EBIT is $240.1M making its interest coverage ratio 7.4. It has cash and short-term investments of $130.7M.
Key information
83.7%
Debt to equity ratio
US$511.20m
Debt
| Interest coverage ratio | 7.4x |
| Cash | US$130.70m |
| Equity | US$610.60m |
| Total liabilities | US$1.14b |
| Total assets | US$1.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: COAL's short term assets ($647.1M) exceed its short term liabilities ($537.5M).
Long Term Liabilities: COAL's short term assets ($647.1M) exceed its long term liabilities ($605.8M).
Debt to Equity History and Analysis
Debt Level: COAL's net debt to equity ratio (62.3%) is considered high.
Reducing Debt: COAL's debt to equity ratio has reduced from 101.4% to 83.7% over the past 5 years.
Debt Coverage: COAL's debt is well covered by operating cash flow (28.3%).
Interest Coverage: COAL's interest payments on its debt are well covered by EBIT (7.4x coverage).