Elanco Animal Health Balance Sheet Health
Financial Health criteria checks 3/6
Elanco Animal Health has a total shareholder equity of $6.2B and total debt of $5.8B, which brings its debt-to-equity ratio to 92.8%. Its total assets and total liabilities are $14.4B and $8.1B respectively. Elanco Animal Health's EBIT is $333.0M making its interest coverage ratio 1.2. It has cash and short-term investments of $352.0M.
Key information
92.8%
Debt to equity ratio
US$5.77b
Debt
Interest coverage ratio | 1.2x |
Cash | US$352.00m |
Equity | US$6.22b |
Total liabilities | US$8.14b |
Total assets | US$14.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5EA's short term assets ($3.4B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: 5EA's short term assets ($3.4B) do not cover its long term liabilities ($6.9B).
Debt to Equity History and Analysis
Debt Level: 5EA's net debt to equity ratio (87.1%) is considered high.
Reducing Debt: 5EA's debt to equity ratio has increased from 47.7% to 92.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 5EA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 5EA is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 2.1% per year.