Covestro Balance Sheet Health
Financial Health criteria checks 5/6
Covestro has a total shareholder equity of €7.1B and total debt of €2.9B, which brings its debt-to-equity ratio to 40.9%. Its total assets and total liabilities are €14.6B and €7.5B respectively. Covestro's EBIT is €697.0M making its interest coverage ratio 8.8. It has cash and short-term investments of €1.2B.
Key information
40.9%
Debt to equity ratio
€2.91b
Debt
| Interest coverage ratio | 8.8x |
| Cash | €1.20b |
| Equity | €7.12b |
| Total liabilities | €7.46b |
| Total assets | €14.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1COV N's short term assets (€6.7B) exceed its short term liabilities (€3.1B).
Long Term Liabilities: 1COV N's short term assets (€6.7B) exceed its long term liabilities (€4.4B).
Debt to Equity History and Analysis
Debt Level: 1COV N's net debt to equity ratio (24.1%) is considered satisfactory.
Reducing Debt: 1COV N's debt to equity ratio has increased from 29.2% to 40.9% over the past 5 years.
Debt Coverage: 1COV N's debt is well covered by operating cash flow (33.3%).
Interest Coverage: 1COV N's interest payments on its debt are well covered by EBIT (8.8x coverage).