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COVER 50 Balance Sheet Health
Financial Health criteria checks 5/6
COVER 50 has a total shareholder equity of €31.0M and total debt of €1.8M, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are €43.8M and €12.8M respectively. COVER 50's EBIT is €5.7M making its interest coverage ratio -43.9. It has cash and short-term investments of €23.3M.
Key information
5.8%
Debt to equity ratio
€1.79m
Debt
| Interest coverage ratio | -43.9x |
| Cash | €23.29m |
| Equity | €30.99m |
| Total liabilities | €12.81m |
| Total assets | €43.81m |
Recent financial health updates
No updates
Recent updates
Returns On Capital At COVER 50 (BIT:COV) Paint A Concerning Picture
Jun 14
The Returns At COVER 50 (BIT:COV) Provide Us With Signs Of What's To Come
Mar 15Can COVER 50 S.p.A.'s (BIT:COV) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?
Feb 08
Our Take On The Returns On Capital At COVER 50 (BIT:COV)
Dec 15Financial Position Analysis
Short Term Liabilities: CVR50's short term assets (€43.2M) exceed its short term liabilities (€9.3M).
Long Term Liabilities: CVR50's short term assets (€43.2M) exceed its long term liabilities (€3.5M).
Debt to Equity History and Analysis
Debt Level: CVR50 has more cash than its total debt.
Reducing Debt: CVR50's debt to equity ratio has increased from 0.04% to 5.8% over the past 5 years.
Debt Coverage: CVR50's debt is well covered by operating cash flow (235.3%).
Interest Coverage: CVR50 earns more interest than it pays, so coverage of interest payments is not a concern.