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 $1.3B, which brings its debt-to-equity ratio to 80.4%. Its total assets and total liabilities are $3.6B and $2.0B respectively. ConvaTec Group's EBIT is $295.5M making its interest coverage ratio 4. It has cash and short-term investments of $96.9M.
Key information
80.4%
Debt to equity ratio
US$1.33b
Debt
| Interest coverage ratio | 4x |
| Cash | US$96.90m |
| Equity | US$1.65b |
| Total liabilities | US$1.97b |
| Total assets | US$3.62b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: CTEC1 N's short term assets ($863.9M) exceed its short term liabilities ($381.6M).
Long Term Liabilities: CTEC1 N's short term assets ($863.9M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: CTEC1 N's net debt to equity ratio (74.6%) is considered high.
Reducing Debt: CTEC1 N's debt to equity ratio has reduced from 99.4% to 80.4% over the past 5 years.
Debt Coverage: CTEC1 N's debt is well covered by operating cash flow (28.4%).
Interest Coverage: CTEC1 N's interest payments on its debt are well covered by EBIT (4x coverage).