Covestro AG (1COV.DE) Debt Metrics
Market Cap: $11.03B
Avg Volume: 84.38K
Industry: Chemicals - Specialty
Sector: Basic Materials
How much debt does Covestro AG have?
According to Covestro AG's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Covestro AG's total debt stands at $3.10B. This is broken down into:
- Long-term debt: $2.44B
- Short-term debt: $662.00M
The company's net debt, which accounts for cash and cash equivalents, is $2.59B. In terms of overall financial obligations, Covestro AG's total liabilities amount to $6.95B.
Debt Ratios and Metrics
To better understand Covestro AG's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.47 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 22.73% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 0.00 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 21.68% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 31.75% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Covestro AG's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$3.10B
Long-term Debt
$2.44B
Short-term Debt
$662.00M
Net Debt
$2.59B
Total Liabilities
$6.95B
Interest Coverage
0.00
Debt to Equity Ratio
0.47
Debt Ratio
22.73%
Covestro AG Historical Debt Metrics
Covestro AG Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $3.10B | $2.44B | $662.00M | $2.59B | $6.95B | 0.47 | 22.73% | 0.00 | 21.68% | 31.75% |
| 2023 | $3.39B | $2.74B | $651.00M | $2.77B | $7.02B | 0.51 | 24.86% | 0.92 | 24.22% | 33.97% |
| 2022 | $3.66B | $3.37B | $289.00M | $2.46B | $7.46B | 0.52 | 25.07% | 1.84 | 28.00% | 34.03% |
| 2021 | $2.53B | $2.35B | $180.00M | $1.88B | $7.81B | 0.33 | 16.24% | 23.80 | 18.24% | 24.73% |
| 2020 | $2.89B | $2.28B | $613.00M | $1.49B | $7.28B | 0.52 | 22.35% | 7.72 | 23.42% | 34.00% |
| 2019 | $1.74B | $1.60B | $141.00M | $994.00M | $6.26B | 0.33 | 15.12% | 7.61 | 16.07% | 25.07% |
| 2018 | $47.00M | $1.17B | $76.00M | $-818.00M | $5.71B | 0.01 | 0.42% | 22.63 | 15.79% | 0.87% |
| 2017 | $1.79B | $1.21B | $575.00M | $555.00M | $5.98B | 0.33 | 15.76% | 18.97 | 16.02% | 25.09% |
| 2016 | $1.89B | $1.79B | $103.00M | $1.62B | $6.02B | 0.45 | 18.49% | 13.86 | 27.07% | 31.11% |
| 2015 | $780.00M | $372.00M | $414.00M | $138.00M | $6.92B | 0.22 | 7.41% | 5.35 | 2.81% | 17.82% |
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