LANXESS Balance Sheet Health
Financial Health criteria checks 2/6
LANXESS has a total shareholder equity of €4.4B and total debt of €3.0B, which brings its debt-to-equity ratio to 68.8%. Its total assets and total liabilities are €9.4B and €5.1B respectively. LANXESS's EBIT is €1,000.0K making its interest coverage ratio 0. It has cash and short-term investments of €423.0M.
Key information
68.8%
Debt to equity ratio
€3.01b
Debt
| Interest coverage ratio | 0.03x |
| Cash | €423.00m |
| Equity | €4.38b |
| Total liabilities | €5.07b |
| Total assets | €9.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LXS's short term assets (€3.3B) exceed its short term liabilities (€1.7B).
Long Term Liabilities: LXS's short term assets (€3.3B) do not cover its long term liabilities (€3.4B).
Debt to Equity History and Analysis
Debt Level: LXS's net debt to equity ratio (59.2%) is considered high.
Reducing Debt: LXS's debt to equity ratio has reduced from 102.7% to 68.8% over the past 5 years.
Debt Coverage: LXS's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: LXS's interest payments on its debt are not well covered by EBIT (0x coverage).