Evonik Industries Balance Sheet Health
Financial Health criteria checks 5/6
Evonik Industries has a total shareholder equity of €9.0B and total debt of €3.3B, which brings its debt-to-equity ratio to 36.8%. Its total assets and total liabilities are €19.9B and €11.0B respectively. Evonik Industries's EBIT is €606.0M making its interest coverage ratio 4.8. It has cash and short-term investments of €1.0B.
Key information
36.8%
Debt to equity ratio
€3.31b
Debt
| Interest coverage ratio | 4.8x |
| Cash | €1.03b |
| Equity | €8.99b |
| Total liabilities | €10.95b |
| Total assets | €19.94b |
Recent financial health updates
Is Evonik Industries (ETR:EVK) Weighed On By Its Debt Load?
Feb 15
Evonik Industries (ETR:EVK) Has A Somewhat Strained Balance Sheet
Nov 05Evonik Industries (ETR:EVK) Has A Somewhat Strained Balance Sheet
Jul 31Is Evonik Industries (ETR:EVK) Using Too Much Debt?
Apr 29Is Evonik Industries (ETR:EVK) Using Too Much Debt?
Jan 29Evonik Industries (ETR:EVK) Has A Pretty Healthy Balance Sheet
Oct 13Recent updates
Is Evonik Industries (ETR:EVK) Weighed On By Its Debt Load?
Feb 15Why Investors Shouldn't Be Surprised By Evonik Industries AG's (ETR:EVK) P/S
Jan 07Evonik Industries (ETR:EVK) Has A Somewhat Strained Balance Sheet
Nov 05Evonik Industries (ETR:EVK) Has A Somewhat Strained Balance Sheet
Jul 31What Is Evonik Industries AG's (ETR:EVK) Share Price Doing?
Jun 18Is Evonik Industries (ETR:EVK) Using Too Much Debt?
Apr 29At €20.87, Is It Time To Put Evonik Industries AG (ETR:EVK) On Your Watch List?
Mar 06Is Evonik Industries (ETR:EVK) Using Too Much Debt?
Jan 29An Intrinsic Calculation For Evonik Industries AG (ETR:EVK) Suggests It's 34% Undervalued
Jan 11What Is Evonik Industries AG's (ETR:EVK) Share Price Doing?
Dec 02Evonik Industries (ETR:EVK) Has A Pretty Healthy Balance Sheet
Oct 13What Does Evonik Industries AG's (ETR:EVK) Share Price Indicate?
Aug 23Is Evonik Industries (ETR:EVK) A Risky Investment?
Jul 15Should You Investigate Evonik Industries AG (ETR:EVK) At €24.70?
May 10Does Evonik Industries (ETR:EVK) Have A Healthy Balance Sheet?
Apr 01At €29.26, Is Evonik Industries AG (ETR:EVK) Worth Looking At Closely?
Feb 03Evonik Industries (ETR:EVK) Has A Pretty Healthy Balance Sheet
Dec 30What Is Evonik Industries AG's (ETR:EVK) Share Price Doing?
Nov 04Is Evonik Industries (ETR:EVK) Using Too Much Debt?
Sep 30Is It Too Late To Consider Buying Evonik Industries AG (ETR:EVK)?
Aug 02We Think Evonik Industries (ETR:EVK) Is Taking Some Risk With Its Debt
Jul 01Most Shareholders Will Probably Find That The CEO Compensation For Evonik Industries AG (ETR:EVK) Is Reasonable
May 26Evonik Industries AG's (ETR:EVK) Intrinsic Value Is Potentially 87% Above Its Share Price
May 15What Is Evonik Industries AG's (ETR:EVK) Share Price Doing?
Apr 11Should You Buy Evonik Industries AG (ETR:EVK) For Its Dividend?
Mar 29Evonik Industries (ETR:EVK) Takes On Some Risk With Its Use Of Debt
Mar 16Are Institutions Heavily Invested In Evonik Industries AG's (ETR:EVK) Shares?
Mar 01Evonik Industries AG's (ETR:EVK) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?
Feb 15
An Intrinsic Calculation For Evonik Industries AG (ETR:EVK) Suggests It's 49% Undervalued
Jan 31Evonik Industries'(ETR:EVK) Share Price Is Down 16% Over The Past Three Years.
Jan 17Should You Think About Buying Evonik Industries AG (ETR:EVK) Now?
Jan 03Does It Make Sense To Buy Evonik Industries AG (ETR:EVK) For Its Yield?
Dec 21Is Evonik Industries (ETR:EVK) Using Too Much Debt?
Dec 07Is Evonik Industries AG (ETR:EVK) Popular Amongst Institutions?
Nov 25Financial Position Analysis
Short Term Liabilities: EVK's short term assets (€5.9B) exceed its short term liabilities (€4.0B).
Long Term Liabilities: EVK's short term assets (€5.9B) do not cover its long term liabilities (€6.9B).
Debt to Equity History and Analysis
Debt Level: EVK's net debt to equity ratio (25.3%) is considered satisfactory.
Reducing Debt: EVK's debt to equity ratio has reduced from 50% to 36.8% over the past 5 years.
Debt Coverage: EVK's debt is well covered by operating cash flow (48.2%).
Interest Coverage: EVK's interest payments on its debt are well covered by EBIT (4.8x coverage).