Solvay Balance Sheet Health
Financial Health criteria checks 3/6
Solvay has a total shareholder equity of €1.3B and total debt of €2.2B, which brings its debt-to-equity ratio to 167.8%. Its total assets and total liabilities are €7.0B and €5.7B respectively. Solvay's EBIT is €692.0M making its interest coverage ratio 28.8. It has cash and short-term investments of €756.0M.
Key information
167.8%
Debt to equity ratio
€2.19b
Debt
Interest coverage ratio | 28.8x |
Cash | €756.00m |
Equity | €1.31b |
Total liabilities | €5.72b |
Total assets | €7.02b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOLBB's short term assets (€2.7B) exceed its short term liabilities (€2.2B).
Long Term Liabilities: SOLBB's short term assets (€2.7B) do not cover its long term liabilities (€3.5B).
Debt to Equity History and Analysis
Debt Level: SOLBB's net debt to equity ratio (110%) is considered high.
Reducing Debt: SOLBB's debt to equity ratio has increased from 42.2% to 167.8% over the past 5 years.
Debt Coverage: SOLBB's debt is well covered by operating cash flow (87.2%).
Interest Coverage: SOLBB's interest payments on its debt are well covered by EBIT (28.8x coverage).