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Coherent Balance Sheet Health
Financial Health criteria checks 1/6
Coherent has a total shareholder equity of $7.5B and total debt of $4.4B, which brings its debt-to-equity ratio to 59.4%. Its total assets and total liabilities are $14.1B and $6.7B respectively. Coherent's EBIT is $530.4M making its interest coverage ratio 2.1. It has cash and short-term investments of $880.0M.
Key information
59.4%
Debt to equity ratio
US$4.42b
Debt
Interest coverage ratio | 2.1x |
Cash | US$880.03m |
Equity | US$7.45b |
Total liabilities | US$6.67b |
Total assets | US$14.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IIVI's short term assets ($3.4B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: IIVI's short term assets ($3.4B) do not cover its long term liabilities ($5.6B).
Debt to Equity History and Analysis
Debt Level: IIVI's net debt to equity ratio (47.6%) is considered high.
Reducing Debt: IIVI's debt to equity ratio has increased from 44.4% to 59.4% over the past 5 years.
Debt Coverage: IIVI's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: IIVI's interest payments on its debt are not well covered by EBIT (2.1x coverage).