Covivio Balance Sheet Health
Financial Health criteria checks 1/6
Covivio has a total shareholder equity of €12.0B and total debt of €10.9B, which brings its debt-to-equity ratio to 91%. Its total assets and total liabilities are €25.0B and €13.1B respectively. Covivio's EBIT is €760.8M making its interest coverage ratio 2.6. It has cash and short-term investments of €900.6M.
Key information
91.0%
Debt to equity ratio
€10.89b
Debt
Interest coverage ratio | 2.6x |
Cash | €900.62m |
Equity | €11.96b |
Total liabilities | €13.06b |
Total assets | €25.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0J6V's short term assets (€2.2B) do not cover its short term liabilities (€2.2B).
Long Term Liabilities: 0J6V's short term assets (€2.2B) do not cover its long term liabilities (€10.9B).
Debt to Equity History and Analysis
Debt Level: 0J6V's net debt to equity ratio (83.5%) is considered high.
Reducing Debt: 0J6V's debt to equity ratio has reduced from 99.3% to 91% over the past 5 years.
Debt Coverage: 0J6V's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: 0J6V's interest payments on its debt are not well covered by EBIT (2.6x coverage).