Evonik Industries Balance Sheet Health
Financial Health criteria checks 5/6
Evonik Industries has a total shareholder equity of €9.1B and total debt of €3.9B, which brings its debt-to-equity ratio to 43.2%. Its total assets and total liabilities are €19.6B and €10.5B respectively. Evonik Industries's EBIT is €1.5B making its interest coverage ratio 8.3. It has cash and short-term investments of €460.0M.
Key information
43.2%
Debt to equity ratio
€3.93b
Debt
| Interest coverage ratio | 8.3x |
| Cash | €460.00m |
| Equity | €9.10b |
| Total liabilities | €10.47b |
| Total assets | €19.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EVKD's short term assets (€5.7B) exceed its short term liabilities (€4.1B).
Long Term Liabilities: EVKD's short term assets (€5.7B) do not cover its long term liabilities (€6.4B).
Debt to Equity History and Analysis
Debt Level: EVKD's net debt to equity ratio (38.1%) is considered satisfactory.
Reducing Debt: EVKD's debt to equity ratio has reduced from 52.5% to 43.2% over the past 5 years.
Debt Coverage: EVKD's debt is well covered by operating cash flow (50.4%).
Interest Coverage: EVKD's interest payments on its debt are well covered by EBIT (8.3x coverage).