Element Solutions Balance Sheet Health
Financial Health criteria checks 2/6
Element Solutions has a total shareholder equity of $2.3B and total debt of $1.9B, which brings its debt-to-equity ratio to 82.5%. Its total assets and total liabilities are $4.9B and $2.6B respectively. Element Solutions's EBIT is $276.4M making its interest coverage ratio 5.4. It has cash and short-term investments of $310.5M.
Key information
82.5%
Debt to equity ratio
US$1.93b
Debt
Interest coverage ratio | 5.4x |
Cash | US$310.50m |
Equity | US$2.34b |
Total liabilities | US$2.57b |
Total assets | US$4.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLQ's short term assets ($1.2B) exceed its short term liabilities ($340.9M).
Long Term Liabilities: PLQ's short term assets ($1.2B) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: PLQ's net debt to equity ratio (69.3%) is considered high.
Reducing Debt: PLQ's debt to equity ratio has increased from 73.4% to 82.5% over the past 5 years.
Debt Coverage: PLQ's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: PLQ's interest payments on its debt are well covered by EBIT (5.4x coverage).