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 $1.2B, which brings its debt-to-equity ratio to 72.5%. Its total assets and total liabilities are $3.7B and $2.0B respectively. ConvaTec Group's EBIT is $280.1M making its interest coverage ratio 4.1. It has cash and short-term investments of $98.3M.
Key information
72.5%
Debt to equity ratio
US$1.23b
Debt
Interest coverage ratio | 4.1x |
Cash | US$98.30m |
Equity | US$1.69b |
Total liabilities | US$2.02b |
Total assets | US$3.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CNVV.Y's short term assets ($870.0M) exceed its short term liabilities ($536.4M).
Long Term Liabilities: CNVV.Y's short term assets ($870.0M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: CNVV.Y's net debt to equity ratio (66.7%) is considered high.
Reducing Debt: CNVV.Y's debt to equity ratio has reduced from 100.2% to 72.5% over the past 5 years.
Debt Coverage: CNVV.Y's debt is well covered by operating cash flow (29.9%).
Interest Coverage: CNVV.Y's interest payments on its debt are well covered by EBIT (4.1x coverage).