COVANTA HOLDING CORP
Utilities · Cogeneration Services & Small Power Producers · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | |
|---|---|---|---|---|---|---|
| Revenue | $1.90B | $1.87B | $1.87B | $1.75B | $1.70B | $1.65B |
| Operating income | $69.0M | $90.0M | $63.0M | $101.0M | $109.0M | $109.0M |
| Net income | −$28.0M | $10.0M | $152.0M | $57.0M | −$4.0M | $68.0M |
| Total assets | $3.71B | $3.71B | $3.84B | $4.44B | $4.28B | $4.23B |
| Total liabilities | $3.40B | $3.34B | $3.36B | $4.01B | $3.81B | $3.59B |
| Equity | $310.0M | $376.0M | $487.0M | $427.0M | $469.0M | $638.0M |
| EPS (diluted) | $-0.21 | $0.07 | $1.15 | $0.44 | $-0.03 | $0.51 |
| Shares out. | 131.4M | 131.1M | 131.0M | 130.4M | 129.9M | 132.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2020- Operating margin
- 3.6%
- Net margin
- −1.5%
- Return on equity
- −9.0%
- Return on assets
- −0.8%
- Return on capital (ROCE)
- 2.1%
- Liabilities / assets
- 91.6%
- Debt / equity
- 10.95×
- Book value / share
- $2.36
- Revenue growth (YoY)
- 1.8%
- Net income growth (YoY)
- −380.0%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2020- Altman Z″ (distress)
- -0.20distress
- Accruals / assets
- −7.6%clean
- Beneish M-Score
- -2.75normal
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 2 warning● 4 good- Altman Z″ in the distress zone
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Terminated a material agreement · Completed an acquisition or disposition · New financial obligation · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Regulation FD disclosure · Other material eventNov 30, 2021
- Regulation FD disclosureNov 15, 2021
- Director / officer changeNov 12, 2021
- Other material eventNov 2, 2021
- Results of operations · Regulation FD disclosureOct 28, 2021
- Regulation FD disclosureOct 22, 2021
- Regulation FD disclosureOct 18, 2021
- Shareholder vote · Other material eventOct 13, 2021
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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