Covestro AG

Covestro AGverified

COVTY

Price:

$30.34

Market Cap:

$10.34B

Covestro AG supplies high-tech polymer materials and related application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications. The Solutions & Specialties segment compr...[Read more]

Industry

Chemicals - Specialty

IPO Date

2016-03-22

Stock Exchange

PNK

Ticker

COVTY

The Current Ratio as of September 2024 (TTM) for Covestro AG (COVTY) is 1.71

According to Covestro AG’s latest financial reports and current stock price. The company's current Current Ratio is 1.71. This represents a change of -3.37% compared to the average of 1.77 of the last 4 quarters.

Covestro AG (COVTY) Historical Current Ratio (quarterly & annually)

How has COVTY Current Ratio performed in the past?

The mean historical Current Ratio of Covestro AG over the last ten years is 1.80. The current 1.71 Current Ratio has changed 9.38% with respect to the historical average. Over the past ten years (40 quarters), COVTY's Current Ratio was at its highest in in the September 2020 quarter at 3.03. The Current Ratio was at its lowest in in the September 2014 quarter at 0.

Quarterly (TTM)
Annual

Average

1.80

Median

1.89

Minimum

0.73

Maximum

2.62

Covestro AG (COVTY) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Covestro AG Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 85.83%

Maximum Annual Current Ratio = 2.62

Minimum Annual Increase = -26.28%

Minimum Annual Current Ratio = 0.73

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.77-19.06%
20222.1813.08%
20211.93-26.28%
20202.6218.26%
20192.218.25%
20182.0510.24%
20171.867.55%
20161.7385.83%
20150.9327.95%
20140.734.56%

Covestro AG (COVTY) Average Current Ratio

How has COVTY Current Ratio performed in the past?

The current Current Ratio of Covestro AG (COVTY) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.96

5-year avg

2.14

10-year avg

1.80

Covestro AG (COVTY) Current Ratio vs. Peers

How is COVTY’s Current Ratio compared to its peers?

Covestro AG’s Current Ratio is less than Symrise AG (0), less than Fuchs Petrolub SE (2.97), less than Linde plc (2.08), greater than H.B. Fuller Company (0.95), less than Minerals Technologies Inc. (1.89), less than Quaker Chemical Corporation (2.46), less than Oil-Dri Corporation of America (2.63), less than Sensient Technologies Corporation (3.06), less than Akzo Nobel N.V. (4.16), greater than L'Air Liquide S.A. (1.10), greater than Asia Carbon Industries, Inc. (0.77), less than Akzo Nobel N.V. (2.99), greater than Avoca LLC (1.10), less than null (15.19),

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