Covestro Balance Sheet Health
Financial Health criteria checks 4/6
Covestro has a total shareholder equity of €6.6B and total debt of €2.6B, which brings its debt-to-equity ratio to 40%. Its total assets and total liabilities are €13.6B and €7.0B respectively. Covestro's EBIT is €134.0M making its interest coverage ratio 1.6. It has cash and short-term investments of €625.0M.
Key information
40.0%
Debt to equity ratio
€2.65b
Debt
Interest coverage ratio | 1.6x |
Cash | €625.00m |
Equity | €6.62b |
Total liabilities | €7.02b |
Total assets | €13.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CVVT.F's short term assets (€5.9B) exceed its short term liabilities (€3.3B).
Long Term Liabilities: CVVT.F's short term assets (€5.9B) exceed its long term liabilities (€3.7B).
Debt to Equity History and Analysis
Debt Level: CVVT.F's net debt to equity ratio (30.6%) is considered satisfactory.
Reducing Debt: CVVT.F's debt to equity ratio has increased from 19% to 40% over the past 5 years.
Debt Coverage: CVVT.F's debt is well covered by operating cash flow (37.6%).
Interest Coverage: CVVT.F's interest payments on its debt are not well covered by EBIT (1.6x coverage).