Elementis Balance Sheet Health
Financial Health criteria checks 5/6
Elementis has a total shareholder equity of $847.3M and total debt of $264.7M, which brings its debt-to-equity ratio to 31.2%. Its total assets and total liabilities are $1.5B and $664.1M respectively. Elementis's EBIT is $92.2M making its interest coverage ratio 5.5. It has cash and short-term investments of $65.8M.
Key information
31.2%
Debt to equity ratio
US$264.70m
Debt
| Interest coverage ratio | 5.5x |
| Cash | US$65.80m |
| Equity | US$847.30m |
| Total liabilities | US$664.10m |
| Total assets | US$1.51b |
Recent financial health updates
Does Elementis (LON:ELM) Have A Healthy Balance Sheet?
Oct 19
These 4 Measures Indicate That Elementis (LON:ELM) Is Using Debt Extensively
Jun 22Recent updates
It's Unlikely That Elementis plc's (LON:ELM) CEO Will See A Huge Pay Rise This Year
Apr 25Elementis (LON:ELM) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Mar 16Elementis plc (LON:ELM) Shares Could Be 47% Below Their Intrinsic Value Estimate
Feb 17At UK£1.24, Is It Time To Put Elementis plc (LON:ELM) On Your Watch List?
Nov 06Does Elementis (LON:ELM) Have A Healthy Balance Sheet?
Oct 19Are Investors Undervaluing Elementis plc (LON:ELM) By 45%?
Sep 21These 4 Measures Indicate That Elementis (LON:ELM) Is Using Debt Extensively
Jun 22Calculating The Fair Value Of Elementis plc (LON:ELM)
Nov 13A Look At Elementis' (LON:ELM) Share Price Returns
Dec 09
Are Insiders Buying Elementis plc (LON:ELM) Stock?
Jun 22Financial Position Analysis
Short Term Liabilities: ELM's short term assets ($349.5M) exceed its short term liabilities ($158.9M).
Long Term Liabilities: ELM's short term assets ($349.5M) do not cover its long term liabilities ($505.2M).
Debt to Equity History and Analysis
Debt Level: ELM's net debt to equity ratio (23.5%) is considered satisfactory.
Reducing Debt: ELM's debt to equity ratio has reduced from 64.3% to 31.2% over the past 5 years.
Debt Coverage: ELM's debt is well covered by operating cash flow (29%).
Interest Coverage: ELM's interest payments on its debt are well covered by EBIT (5.5x coverage).