Coty Balance Sheet Health
Financial Health criteria checks 1/6
Coty has a total shareholder equity of $4.5B and total debt of $3.9B, which brings its debt-to-equity ratio to 87.9%. Its total assets and total liabilities are $12.5B and $8.0B respectively. Coty's EBIT is $596.9M making its interest coverage ratio 2.6. It has cash and short-term investments of $283.6M.
Key information
87.9%
Debt to equity ratio
US$3.93b
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$283.60m |
| Equity | US$4.47b |
| Total liabilities | US$8.04b |
| Total assets | US$12.52b |
Recent financial health updates
Is Coty (NYSE:COTY) A Risky Investment?
Nov 04
Does Coty (NYSE:COTY) Have A Healthy Balance Sheet?
Jul 31Does Coty (NYSE:COTY) Have A Healthy Balance Sheet?
Apr 14We Think Coty (NYSE:COTY) Can Stay On Top Of Its Debt
Jan 08Coty (NYSE:COTY) Seems To Use Debt Quite Sensibly
Jul 31Does Coty (NYSE:COTY) Have A Healthy Balance Sheet?
Mar 14Recent updates
Coty: With The Makeover Now Complete, This Prospect Is A Beauty
Nov 11Is Coty (NYSE:COTY) A Risky Investment?
Nov 04Why Coty Inc. (NYSE:COTY) Could Be Worth Watching
Oct 13Coty Inc.'s (NYSE:COTY) P/S Still Appears To Be Reasonable
Sep 05Coty Q4: Earnings Turnaround Continues Despite Growth Hiccup (Rating Upgrade)
Aug 21Does Coty (NYSE:COTY) Have A Healthy Balance Sheet?
Jul 31Coty: Smelling Sweeter But Not Enticing Enough To Buy
Jul 09With EPS Growth And More, Coty (NYSE:COTY) Makes An Interesting Case
Jun 24Market Participants Recognise Coty Inc.'s (NYSE:COTY) Earnings
May 27Is It Time To Consider Buying Coty Inc. (NYSE:COTY)?
May 13Is Coty Inc. (NYSE:COTY) Trading At A 43% Discount?
Apr 29Does Coty (NYSE:COTY) Have A Healthy Balance Sheet?
Apr 14With EPS Growth And More, Coty (NYSE:COTY) Makes An Interesting Case
Mar 17Getting In Cheap On Coty Inc. (NYSE:COTY) Is Unlikely
Feb 04Estimating The Intrinsic Value Of Coty Inc. (NYSE:COTY)
Jan 22We Think Coty (NYSE:COTY) Can Stay On Top Of Its Debt
Jan 08Is Now An Opportune Moment To Examine Coty Inc. (NYSE:COTY)?
Dec 25Coty: Strong Execution Continues
Dec 04With EPS Growth And More, Coty (NYSE:COTY) Makes An Interesting Case
Nov 27Analyst Estimates: Here's What Brokers Think Of Coty Inc. (NYSE:COTY) After Its First-Quarter Report
Nov 10Coty: Quarterly Guidance Increase And Lower Leverage Make It Appealing
Oct 25Estimating The Intrinsic Value Of Coty Inc. (NYSE:COTY)
Oct 22Here's Why We Think Coty (NYSE:COTY) Is Well Worth Watching
Aug 29Coty Continues To Deliver Strong Results In Q4
Aug 24Is Now An Opportune Moment To Examine Coty Inc. (NYSE:COTY)?
Aug 14Coty (NYSE:COTY) Seems To Use Debt Quite Sensibly
Jul 31Coty: High Leverage Ratio And Uncertain Near-Term Demand Are Risks
Jul 21Calculating The Fair Value Of Coty Inc. (NYSE:COTY)
Jul 18Coty: Upping Price Target
Jul 12Coty's Results Continue To Shine, And More Catalysts Are Ahead
May 31Coty Inc.'s (NYSE:COTY) Earnings Haven't Escaped The Attention Of Investors
May 24Is Coty Inc. (NYSE:COTY) Potentially Undervalued?
May 10If EPS Growth Is Important To You, Coty (NYSE:COTY) Presents An Opportunity
Apr 25Does Coty (NYSE:COTY) Have A Healthy Balance Sheet?
Mar 14Coty: A Deleveraging Story With Strong Momentum
Feb 04Are Investors Undervaluing Coty Inc. (NYSE:COTY) By 21%?
Jan 16At US$8.32, Is It Time To Put Coty Inc. (NYSE:COTY) On Your Watch List?
Dec 25Coty sells back fragrance license to Lacoste
Dec 21Coty to start hedging expected $200M stock buyback program in 2025
Dec 12Coty (NYSE:COTY) Has A Somewhat Strained Balance Sheet
Dec 04Coty Q1 2023 Earnings Preview
Nov 07Coty: Strong Q4 Result And Upside Potential Thanks To New Strategy
Oct 06Financial Position Analysis
Short Term Liabilities: COTY's short term assets ($2.2B) do not cover its short term liabilities ($2.6B).
Long Term Liabilities: COTY's short term assets ($2.2B) do not cover its long term liabilities ($5.4B).
Debt to Equity History and Analysis
Debt Level: COTY's net debt to equity ratio (81.6%) is considered high.
Reducing Debt: COTY's debt to equity ratio has reduced from 167.6% to 87.9% over the past 5 years.
Debt Coverage: COTY's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: COTY's interest payments on its debt are not well covered by EBIT (2.6x coverage).