CTT - Correios De Portugal Balance Sheet Health
Financial Health criteria checks 3/6
CTT - Correios De Portugal has a total shareholder equity of €286.4M and total debt of €540.8M, which brings its debt-to-equity ratio to 188.8%. Its total assets and total liabilities are €5.1B and €4.8B respectively. CTT - Correios De Portugal's EBIT is €94.6M making its interest coverage ratio 1.9. It has cash and short-term investments of €1.4B.
Key information
188.8%
Debt to equity ratio
€540.84m
Debt
Interest coverage ratio | 1.9x |
Cash | €1.37b |
Equity | €286.39m |
Total liabilities | €4.80b |
Total assets | €5.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTTP.Y's short term assets (€2.7B) do not cover its short term liabilities (€4.1B).
Long Term Liabilities: CTTP.Y's short term assets (€2.7B) exceed its long term liabilities (€665.5M).
Debt to Equity History and Analysis
Debt Level: CTTP.Y has more cash than its total debt.
Reducing Debt: CTTP.Y's debt to equity ratio has increased from 24.8% to 188.8% over the past 5 years.
Debt Coverage: CTTP.Y's debt is well covered by operating cash flow (223.4%).
Interest Coverage: CTTP.Y's interest payments on its debt are not well covered by EBIT (1.9x coverage).