Covivio Balance Sheet Health
Financial Health criteria checks 2/6
Covivio has a total shareholder equity of €13.0B and total debt of €11.2B, which brings its debt-to-equity ratio to 86.1%. Its total assets and total liabilities are €26.5B and €13.5B respectively. Covivio's EBIT is €793.6M making its interest coverage ratio 3.8. It has cash and short-term investments of €474.6M.
Key information
86.1%
Debt to equity ratio
€11.16b
Debt
Interest coverage ratio | 3.8x |
Cash | €474.59m |
Equity | €12.96b |
Total liabilities | €13.54b |
Total assets | €26.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4COV's short term assets (€1.8B) do not cover its short term liabilities (€2.1B).
Long Term Liabilities: 4COV's short term assets (€1.8B) do not cover its long term liabilities (€11.5B).
Debt to Equity History and Analysis
Debt Level: 4COV's net debt to equity ratio (82.4%) is considered high.
Reducing Debt: 4COV's debt to equity ratio has reduced from 100.4% to 86.1% over the past 5 years.
Debt Coverage: 4COV's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: 4COV's interest payments on its debt are well covered by EBIT (3.8x coverage).