Corpay Balance Sheet Health
Financial Health criteria checks 4/6
Corpay has a total shareholder equity of $3.3B and total debt of $6.8B, which brings its debt-to-equity ratio to 207%. Its total assets and total liabilities are $15.5B and $12.2B respectively. Corpay's EBIT is $1.7B making its interest coverage ratio 4.8. It has cash and short-term investments of $1.4B.
Key information
207.0%
Debt to equity ratio
US$6.79b
Debt
Interest coverage ratio | 4.8x |
Cash | US$1.41b |
Equity | US$3.28b |
Total liabilities | US$12.19b |
Total assets | US$15.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0IPN's short term assets ($7.1B) exceed its short term liabilities ($6.8B).
Long Term Liabilities: 0IPN's short term assets ($7.1B) exceed its long term liabilities ($5.4B).
Debt to Equity History and Analysis
Debt Level: 0IPN's net debt to equity ratio (163.9%) is considered high.
Reducing Debt: 0IPN's debt to equity ratio has increased from 144.3% to 207% over the past 5 years.
Debt Coverage: 0IPN's debt is well covered by operating cash flow (30.9%).
Interest Coverage: 0IPN's interest payments on its debt are well covered by EBIT (4.8x coverage).