Solvay Balance Sheet Health
Financial Health criteria checks 6/6
Solvay has a total shareholder equity of €11.0B and total debt of €2.9B, which brings its debt-to-equity ratio to 26.8%. Its total assets and total liabilities are €20.4B and €9.5B respectively. Solvay's EBIT is €2.6B making its interest coverage ratio 27.8. It has cash and short-term investments of €1.5B.
Key information
26.8%
Debt to equity ratio
€2.94b
Debt
Interest coverage ratio | 27.8x |
Cash | €1.46b |
Equity | €10.97b |
Total liabilities | €9.45b |
Total assets | €20.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOL's short term assets (€7.2B) exceed its short term liabilities (€4.4B).
Long Term Liabilities: SOL's short term assets (€7.2B) exceed its long term liabilities (€5.1B).
Debt to Equity History and Analysis
Debt Level: SOL's net debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: SOL's debt to equity ratio has reduced from 43.1% to 26.8% over the past 5 years.
Debt Coverage: SOL's debt is well covered by operating cash flow (66.1%).
Interest Coverage: SOL's interest payments on its debt are well covered by EBIT (27.8x coverage).