What is the debt of Covetrus this year?
Covetrus has a debt level of 863 USD this year.
Covetrus Debt 2024
Covetrus Debt
863 USD
Ticker
CVET
ISIN
US22304C1009
WKN
A2PBX0
In 2024, Covetrus's total debt was 863 USD, a 0% change from the 0 USD total debt recorded in the previous year.
Covetrus Aktienanalyse
What does Covetrus do?
Covetrus Inc is a global company specializing in providing services and products for veterinarians, animal clinics, and pet owners. It was formed in 2019 through a merger between the animal health divisions of Henry Schein and Vets First Choice. Covetrus traces its history back to 1856 when Henry Schein was founded as a small wholesale drug company. Over the years, the company expanded into new industries and markets. In the 2000s, Henry Schein began serving the animal health industry and established Vets First Choice in 2010 to offer a wider range of services and products to veterinarians and animal clinics. With the merger of Vets First Choice and Henry Schein's animal health division in 2019, Covetrus was created as a company with a broad spectrum of products and services for the animal health industry. Covetrus is headquartered in Portland, Maine, USA, and operates in over 25 countries. Its business model is based on providing services and products for veterinarians, animal clinics, and pet owners. The company is divided into several business segments, including diagnostics, pharmaceuticals, and consumables. In the diagnostics area, Covetrus offers a wide range of laboratory diagnostic services for veterinarians, including blood tests, imaging, fecal tests, and genetic tests. These test results help veterinarians diagnose and treat diseases in pets. In the pharmaceutical area, Covetrus offers veterinary medicines for various types of pets, including dogs, cats, and horses. These medicines are developed by leading pharmaceutical companies, and Covetrus provides veterinarians with a reliable supply chain for these products. The most recent business segment of Covetrus is the consumables area. Here, the company offers a wide range of products for veterinarians and animal clinics, including medical devices, surgical instruments, consumables for routine examinations, and more. In addition to these three main business segments, Covetrus also offers a variety of services, including practice management systems, training for veterinarians and animal clinics, financial services, and more. These services are designed to help veterinarians and animal clinics optimize their operations and improve their quality. The company has also developed a mobile application called 'Covetrus Connect' which provides veterinarians and animal clinics with an easier way to access products and services, place orders, and manage their operations. Overall, Covetrus is an innovative and rapidly growing company in the animal health industry. With a wide range of products and services tailored to the needs of veterinarians, animal clinics, and pet owners, the company is well-positioned to continue growing in this emerging market. Covetrus ist eines der beliebtesten Unternehmen auf Eulerpool.com.Debt Details
Understanding Covetrus's Debt Structure
Covetrus's total debt refers to the cumulative financial obligations the company owes to external parties. This can include short-term and long-term borrowings, bonds, loans, and other financial instruments. Assessing the company's debt levels is crucial for evaluating its financial health, risk profile, and ability to fund operations and expansions.
Year-to-Year Comparison
Analyzing Covetrus's debt structure over the years provides insights into the firm’s financial strategy and stability. A reduction in debt can indicate financial strength and operational efficiency, while an increase may signal growth investments or potential financial challenges ahead.
Impact on Investments
Investors pay close attention to Covetrus’s debt levels as they can influence the company’s risk and return profiles. Excessive debt can lead to financial strain, while moderate and well-managed debt can be a catalyst for growth and expansion, making it a critical aspect of investment evaluations.
Interpreting Debt Fluctuations
Shifts in Covetrus’s debt levels can be attributed to various operational and strategic factors. An increase in debt might be geared towards funding expansion projects or enhancing operational capacity, while a decrease may indicate profit realizations or an approach to minimize financial risk and leverage.
Frequently Asked Questions about Covetrus stock
What was the debt of Covetrus compared to the previous year?
The debt of Covetrus has increased by 0% compared to the previous year dropped.
What are the consequences of high debt for investors in Covetrus?
High debt can pose a risk for investors of Covetrus, as it can weaken the company's financial position and hinder its ability to fulfill its obligations.
What are the consequences of low debt for investors of Covetrus?
Low debt means that Covetrus has a strong financial position and is able to fulfill its obligations without overburdening its finances.
How does an increase in debt from Covetrus affect the company?
An increase in debt of Covetrus can adversely affect the financial condition of the company and result in a higher burden on its finances.
How does a reduction of debt of Covetrus affect the company?
A reduction in debt of Covetrus can strengthen the company's financial position and improve its ability to meet its financial obligations.
What are some factors that influence the debt of Covetrus?
Some factors that can influence the debt of Covetrus include investments, acquisitions, operating costs, and revenue development.
Why are the debts of Covetrus so important for investors?
The debts of Covetrus are important for investors as they serve as an indicator of the company's financial stability. It provides investors with information on how the company fulfills its financial obligations.
What strategic measures can Covetrus take to change the debt?
To change the debt, Covetrus can take measures such as cost savings, increasing revenue, selling assets, making investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to change its debt.
How much dividend does Covetrus pay?
Over the past 12 months, Covetrus paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Covetrus is expected to pay a dividend of 0 USD.
What is the dividend yield of Covetrus?
The current dividend yield of Covetrus is .
When does Covetrus pay dividends?
Covetrus pays a quarterly dividend. This is distributed in the months of .
How secure is the dividend of Covetrus?
Covetrus paid dividends every year for the past 0 years.
What is the dividend of Covetrus?
For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.
In which sector is Covetrus located?
Covetrus is assigned to the 'Health' sector.
Wann musste ich die Aktien von Covetrus kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Covetrus from 7/11/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 7/11/2024.
When did Covetrus pay the last dividend?
The last dividend was paid out on 7/11/2024.
What was the dividend of Covetrus in the year 2023?
In the year 2023, Covetrus distributed 0 USD as dividends.
In which currency does Covetrus pay out the dividend?
The dividends of Covetrus are distributed in USD.
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Andere Kennzahlen von Covetrus
Our stock analysis for Covetrus Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Covetrus Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
