Corteva Balance Sheet Health
Financial Health criteria checks 5/6
Corteva has a total shareholder equity of $25.0B and total debt of $4.6B, which brings its debt-to-equity ratio to 18.5%. Its total assets and total liabilities are $43.6B and $18.6B respectively. Corteva's EBIT is $1.8B making its interest coverage ratio -50.7. It has cash and short-term investments of $1.7B.
Key information
18.5%
Debt to equity ratio
US$4.64b
Debt
Interest coverage ratio | -50.7x |
Cash | US$1.66b |
Equity | US$25.01b |
Total liabilities | US$18.62b |
Total assets | US$43.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTVA *'s short term assets ($17.2B) exceed its short term liabilities ($11.3B).
Long Term Liabilities: CTVA *'s short term assets ($17.2B) exceed its long term liabilities ($7.3B).
Debt to Equity History and Analysis
Debt Level: CTVA *'s net debt to equity ratio (11.9%) is considered satisfactory.
Reducing Debt: CTVA *'s debt to equity ratio has increased from 10.6% to 18.5% over the past 5 years.
Debt Coverage: CTVA *'s debt is well covered by operating cash flow (53.3%).
Interest Coverage: CTVA * earns more interest than it pays, so coverage of interest payments is not a concern.