ConvaTec Group Balance Sheet Health
Financial Health criteria checks 4/6
ConvaTec Group has a total shareholder equity of $1.7B and total debt of $1.2B, which brings its debt-to-equity ratio to 72.5%. Its total assets and total liabilities are $3.7B and $2.0B respectively. ConvaTec Group's EBIT is $280.1M making its interest coverage ratio 4.1. It has cash and short-term investments of $98.3M.
Key information
72.5%
Debt to equity ratio
US$1.23b
Debt
Interest coverage ratio | 4.1x |
Cash | US$98.30m |
Equity | US$1.69b |
Total liabilities | US$2.02b |
Total assets | US$3.71b |
Recent financial health updates
Does ConvaTec Group (LON:CTEC) Have A Healthy Balance Sheet?
Aug 24Is ConvaTec Group (LON:CTEC) A Risky Investment?
May 19Does ConvaTec Group (LON:CTEC) Have A Healthy Balance Sheet?
Oct 04Here's Why ConvaTec Group (LON:CTEC) Can Manage Its Debt Responsibly
Jun 22We Think ConvaTec Group (LON:CTEC) Can Stay On Top Of Its Debt
Mar 09Here's Why ConvaTec Group (LON:CTEC) Can Manage Its Debt Responsibly
Dec 05Recent updates
Does ConvaTec Group (LON:CTEC) Have A Healthy Balance Sheet?
Aug 24Return Trends At ConvaTec Group (LON:CTEC) Aren't Appealing
Jul 04Calculating The Fair Value Of ConvaTec Group PLC (LON:CTEC)
Jun 09Is ConvaTec Group (LON:CTEC) A Risky Investment?
May 19ConvaTec Group (LON:CTEC) Has Affirmed Its Dividend Of $0.0366
Apr 05Investors Met With Slowing Returns on Capital At ConvaTec Group (LON:CTEC)
Mar 30ConvaTec Group's (LON:CTEC) Dividend Will Be $0.0366
Mar 12Calculating The Intrinsic Value Of ConvaTec Group Plc (LON:CTEC)
Feb 27Investors Met With Slowing Returns on Capital At ConvaTec Group (LON:CTEC)
Dec 17Estimating The Intrinsic Value Of ConvaTec Group Plc (LON:CTEC)
Nov 29Does ConvaTec Group (LON:CTEC) Have A Healthy Balance Sheet?
Oct 04Returns At ConvaTec Group (LON:CTEC) Appear To Be Weighed Down
Sep 13A Look At The Fair Value Of ConvaTec Group Plc (LON:CTEC)
Aug 26ConvaTec Group (LON:CTEC) Is Paying Out A Dividend Of $0.0141
Aug 07Here's Why ConvaTec Group (LON:CTEC) Can Manage Its Debt Responsibly
Jun 22ConvaTec Group (LON:CTEC) Has Some Way To Go To Become A Multi-Bagger
Jun 07Is There An Opportunity With ConvaTec Group Plc's (LON:CTEC) 29% Undervaluation?
May 18ConvaTec Group's (LON:CTEC) Dividend Will Be Increased To UK£0.032
Mar 25We Think ConvaTec Group (LON:CTEC) Can Stay On Top Of Its Debt
Mar 09ConvaTec Group (LON:CTEC) Has Some Way To Go To Become A Multi-Bagger
Feb 16Is ConvaTec Group Plc (LON:CTEC) Trading At A 36% Discount?
Dec 22Here's Why ConvaTec Group (LON:CTEC) Can Manage Its Debt Responsibly
Dec 05Slowing Rates Of Return At ConvaTec Group (LON:CTEC) Leave Little Room For Excitement
Oct 29Estimating The Intrinsic Value Of ConvaTec Group Plc (LON:CTEC)
Sep 17Is ConvaTec Group (LON:CTEC) Using Too Much Debt?
Sep 02ConvaTec Group (LON:CTEC) Has Affirmed Its Dividend Of UK£0.012
Aug 03ConvaTec Group's (LON:CTEC) Returns On Capital Are Heading Higher
Jul 31Calculating The Intrinsic Value Of ConvaTec Group Plc (LON:CTEC)
Jun 07Here's Why ConvaTec Group (LON:CTEC) Can Manage Its Debt Responsibly
May 20The Returns At ConvaTec Group (LON:CTEC) Aren't Growing
Apr 29Is Convatec Group Plc (LON:CTEC) A Great Dividend Stock?
Mar 20Convatec Group's (LON:CTEC) Shareholders Are Down 10% On Their Shares
Mar 05Estimating The Fair Value Of Convatec Group Plc (LON:CTEC)
Feb 10Convatec Group Plc's (LON:CTEC) Stock Has Shown A Decent Performance: Have Financials A Role To Play?
Jan 20Our Take On The Returns On Capital At Convatec Group (LON:CTEC)
Jan 03Here's Why Convatec Group's (LON:CTEC) Statutory Earnings Are Arguably Too Conservative
Dec 19Is Convatec Group Plc's (LON:CTEC) 2.0% Dividend Worth Your Time?
Dec 06What You Need To Know About Convatec Group Plc's (LON:CTEC) Investor Composition
Nov 23Financial Position Analysis
Short Term Liabilities: CTEC's short term assets ($870.0M) exceed its short term liabilities ($536.4M).
Long Term Liabilities: CTEC's short term assets ($870.0M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: CTEC's net debt to equity ratio (66.7%) is considered high.
Reducing Debt: CTEC's debt to equity ratio has reduced from 100.2% to 72.5% over the past 5 years.
Debt Coverage: CTEC's debt is well covered by operating cash flow (29.9%).
Interest Coverage: CTEC's interest payments on its debt are well covered by EBIT (4.1x coverage).