Coats Group Balance Sheet Health
Financial Health criteria checks 4/6
Coats Group has a total shareholder equity of $589.4M and total debt of $516.5M, which brings its debt-to-equity ratio to 87.6%. Its total assets and total liabilities are $1.7B and $1.1B respectively. Coats Group's EBIT is $216.3M making its interest coverage ratio 6.4. It has cash and short-term investments of $132.4M.
Key information
87.6%
Debt to equity ratio
US$516.50m
Debt
| Interest coverage ratio | 6.4x |
| Cash | US$132.40m |
| Equity | US$589.40m |
| Total liabilities | US$1.12b |
| Total assets | US$1.71b |
Recent financial health updates
Here's Why Coats Group (LON:COA) Has A Meaningful Debt Burden
Apr 22
Is Coats Group (LON:COA) Using Too Much Debt?
Nov 23Does Coats Group (LON:COA) Have A Healthy Balance Sheet?
Aug 24These 4 Measures Indicate That Coats Group (LON:COA) Is Using Debt Reasonably Well
May 06Does Coats Group (LON:COA) Have A Healthy Balance Sheet?
Aug 10Here's Why Coats Group (LON:COA) Can Manage Its Debt Responsibly
Mar 21Recent updates
Coats Group plc's (LON:COA) Earnings Haven't Escaped The Attention Of Investors
May 09Here's Why Coats Group (LON:COA) Has A Meaningful Debt Burden
Apr 22We Like The Quality Of Coats Group's (LON:COA) Earnings
Mar 21Investors Still Waiting For A Pull Back In Coats Group plc (LON:COA)
Jan 31Coats Group plc's (LON:COA) Intrinsic Value Is Potentially 35% Above Its Share Price
Dec 27Why Coats Group plc (LON:COA) Could Be Worth Watching
Dec 08Is Coats Group (LON:COA) Using Too Much Debt?
Nov 23A Look At The Fair Value Of Coats Group plc (LON:COA)
Sep 23Does Coats Group (LON:COA) Have A Healthy Balance Sheet?
Aug 24At UK£0.74, Is Coats Group plc (LON:COA) Worth Looking At Closely?
Aug 02Calculating The Intrinsic Value Of Coats Group plc (LON:COA)
Jun 15These 4 Measures Indicate That Coats Group (LON:COA) Is Using Debt Reasonably Well
May 06What Does Coats Group plc's (LON:COA) Share Price Indicate?
Apr 15Here's Why We Think Coats Group (LON:COA) Might Deserve Your Attention Today
Mar 03Is Coats Group plc (LON:COA) Trading At A 36% Discount?
Jan 11Is It Time To Consider Buying Coats Group plc (LON:COA)?
Dec 07Is Coats Group plc (LON:COA) Potentially Undervalued?
Aug 28Does Coats Group (LON:COA) Have A Healthy Balance Sheet?
Aug 10Is There An Opportunity With Coats Group plc's (LON:COA) 40% Undervaluation?
May 30Returns At Coats Group (LON:COA) Appear To Be Weighed Down
May 16Is Now The Time To Look At Buying Coats Group plc (LON:COA)?
May 03I Ran A Stock Scan For Earnings Growth And Coats Group (LON:COA) Passed With Ease
Apr 20Here's Why Coats Group (LON:COA) Can Manage Its Debt Responsibly
Mar 21Coats Group plc's (LON:COA) Intrinsic Value Is Potentially 25% Above Its Share Price
Feb 23Coats Group (LON:COA) Is Looking To Continue Growing Its Returns On Capital
Jan 24At UK£0.72, Is Coats Group plc (LON:COA) Worth Looking At Closely?
Jan 05Is Coats Group (LON:COA) A Risky Investment?
Nov 25Coats Group (LON:COA) Might Have The Makings Of A Multi-Bagger
Sep 07Coats Group plc (LON:COA) Shares Could Be 49% Below Their Intrinsic Value Estimate
Aug 19At UK£0.70, Is Coats Group plc (LON:COA) Worth Looking At Closely?
Jul 27Coats Group (LON:COA) Might Have The Makings Of A Multi-Bagger
May 22These 4 Measures Indicate That Coats Group (LON:COA) Is Using Debt Extensively
May 07Is There Now An Opportunity In Coats Group plc (LON:COA)?
Mar 24Key Things To Watch Out For If You Are After Coats Group plc's (LON:COA) 1.5% Dividend
Mar 11Financial Position Analysis
Short Term Liabilities: COA's short term assets ($600.5M) exceed its short term liabilities ($518.5M).
Long Term Liabilities: COA's short term assets ($600.5M) do not cover its long term liabilities ($606.4M).
Debt to Equity History and Analysis
Debt Level: COA's net debt to equity ratio (65.2%) is considered high.
Reducing Debt: COA's debt to equity ratio has reduced from 119.9% to 87.6% over the past 5 years.
Debt Coverage: COA's debt is well covered by operating cash flow (24%).
Interest Coverage: COA's interest payments on its debt are well covered by EBIT (6.4x coverage).