Chief Accounting Officer, Vice President - Finance
Mr. Gregory F. Covino is Chief Accounting Officer Vice President Finance of Biogen Idec Inc. Prior to that Mr. Covino served at Boston Scientific Corporationrationration a medical device company as Vice President Corporationrationrate Analysis and Control since March 2010 having responsibility for the company internal audit function and as Vice President Finance International from February 2008 to March 2010 having responsibility for the financial activities of the company international division. Prior to that Mr. Covino held several finance positions at Hubbell Incorporated an electrical products company including Vice President Chief Accounting Officer and Controller from 2002 to January 2008 Interim Chief Financial Officer from 2004 to 2005 and Director Corporationrationrate Accounting from 1999 to 2002
Age: 47 President Since 2012
Covino received his B.S. in Business Administration from Bryant University.
The company has return on total asset (ROA) of 18.7 % which means that it generated profit of $18.7 on every $100 spent on asset. This is normal as compared to the sector avarege. Similarly, it shows return on stockholders equity (ROE) of 30.27 % meaning that it created $30.27 on every $100 dollars invested by stockholders.
The company currently holds 585.2 M in liabilities with Debt to Equity (D/E) ratio of 0.05 which may suggest the company is not taking enough advantage from borrowing. Biogen Idec Inc has Current Ratio of 2.07 suggesting that it is liquid enough and is able to pay its financial obligations when they are due.
Biogen Idec Inc. discovers, develops, manufactures, and markets therapies for the treatment of multiple sclerosis , neurodegenerative diseases, hemophilia, and autoimmune disorders in the United States and internationally. Biogen Idec Inc [BIIB] is traded on NASDAQ in USA. It is located in Cambridge, MA and employs 6,850 people.
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