Axalta Coating Systems Balance Sheet Health
Financial Health criteria checks 2/6
Axalta Coating Systems has a total shareholder equity of $1.8B and total debt of $3.4B, which brings its debt-to-equity ratio to 194.4%. Its total assets and total liabilities are $7.3B and $5.5B respectively. Axalta Coating Systems's EBIT is $620.6M making its interest coverage ratio 2.8. It has cash and short-term investments of $700.2M.
Key information
194.4%
Debt to equity ratio
US$3.45b
Debt
Interest coverage ratio | 2.8x |
Cash | US$700.20m |
Equity | US$1.77b |
Total liabilities | US$5.50b |
Total assets | US$7.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9AX's short term assets ($2.8B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: 9AX's short term assets ($2.8B) do not cover its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: 9AX's net debt to equity ratio (154.9%) is considered high.
Reducing Debt: 9AX's debt to equity ratio has reduced from 295.1% to 194.4% over the past 5 years.
Debt Coverage: 9AX's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: 9AX's interest payments on its debt are not well covered by EBIT (2.8x coverage).