Solvay Balance Sheet Health
Financial Health criteria checks 3/6
Solvay has a total shareholder equity of €1.3B and total debt of €2.2B, which brings its debt-to-equity ratio to 164.1%. Its total assets and total liabilities are €6.5B and €5.2B respectively. Solvay's EBIT is €593.0M making its interest coverage ratio 6.4. It has cash and short-term investments of €589.0M.
Key information
164.1%
Debt to equity ratio
€2.18b
Debt
| Interest coverage ratio | 6.4x |
| Cash | €589.00m |
| Equity | €1.33b |
| Total liabilities | €5.21b |
| Total assets | €6.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOL's short term assets (€2.4B) exceed its short term liabilities (€1.7B).
Long Term Liabilities: SOL's short term assets (€2.4B) do not cover its long term liabilities (€3.5B).
Debt to Equity History and Analysis
Debt Level: SOL's net debt to equity ratio (119.7%) is considered high.
Reducing Debt: SOL's debt to equity ratio has increased from 47.4% to 164.1% over the past 5 years.
Debt Coverage: SOL's debt is well covered by operating cash flow (28.4%).
Interest Coverage: SOL's interest payments on its debt are well covered by EBIT (6.4x coverage).