COFACE Balance Sheet Health
Financial Health criteria checks 3/6
COFACE has a total shareholder equity of €2.1B and total debt of €3.6B, which brings its debt-to-equity ratio to 169.5%. Its total assets and total liabilities are €7.9B and €5.7B respectively. COFACE's EBIT is €448.2M making its interest coverage ratio 10.6. It has cash and short-term investments of €965.5M.
Key information
169.5%
Debt to equity ratio
€3.57b
Debt
| Interest coverage ratio | 10.6x |
| Cash | €965.52m |
| Equity | €2.11b |
| Total liabilities | €5.74b |
| Total assets | €7.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: COFA.F's short term assets (€4.7B) exceed its short term liabilities (€4.5B).
Long Term Liabilities: COFA.F's short term assets (€4.7B) exceed its long term liabilities (€1.2B).
Debt to Equity History and Analysis
Debt Level: COFA.F's net debt to equity ratio (123.7%) is considered high.
Reducing Debt: COFA.F's debt to equity ratio has increased from 149% to 169.5% over the past 5 years.
Debt Coverage: COFA.F's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: COFA.F's interest payments on its debt are well covered by EBIT (10.6x coverage).