Element Fleet Management Balance Sheet Health
Financial Health criteria checks 2/6
Element Fleet Management has a total shareholder equity of $2.8B and total debt of $8.5B, which brings its debt-to-equity ratio to 307.8%. Its total assets and total liabilities are $12.6B and $9.9B respectively.
Key information
307.8%
Debt to equity ratio
US$8.54b
Debt
| Interest coverage ratio | n/a |
| Cash | US$135.93m |
| Equity | US$2.77b |
| Total liabilities | US$9.86b |
| Total assets | US$12.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 61F's short term assets ($8.2B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: 61F's short term assets ($8.2B) do not cover its long term liabilities ($8.7B).
Debt to Equity History and Analysis
Debt Level: 61F's net debt to equity ratio (302.9%) is considered high.
Reducing Debt: 61F's debt to equity ratio has reduced from 324% to 307.8% over the past 5 years.
Debt Coverage: 61F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 61F's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 19:07 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Element Fleet Management Corp. is covered by 19 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Aiken | Barclays |
| Tom MacKinnon | BMO Capital Markets Equity Research |
| Mark Palmer | BTIG |