Coats Group Balance Sheet Health
Financial Health criteria checks 4/6
Coats Group has a total shareholder equity of $589.4M and total debt of $516.5M, which brings its debt-to-equity ratio to 87.6%. Its total assets and total liabilities are $1.7B and $1.1B respectively. Coats Group's EBIT is $216.3M making its interest coverage ratio 6.4. It has cash and short-term investments of $132.4M.
Key information
87.6%
Debt to equity ratio
US$516.50m
Debt
Interest coverage ratio | 6.4x |
Cash | US$132.40m |
Equity | US$589.40m |
Total liabilities | US$1.12b |
Total assets | US$1.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGGG.F's short term assets ($600.5M) exceed its short term liabilities ($518.5M).
Long Term Liabilities: CGGG.F's short term assets ($600.5M) do not cover its long term liabilities ($606.4M).
Debt to Equity History and Analysis
Debt Level: CGGG.F's net debt to equity ratio (65.2%) is considered high.
Reducing Debt: CGGG.F's debt to equity ratio has reduced from 119.9% to 87.6% over the past 5 years.
Debt Coverage: CGGG.F's debt is well covered by operating cash flow (24%).
Interest Coverage: CGGG.F's interest payments on its debt are well covered by EBIT (6.4x coverage).