Solvay Balance Sheet Health
Financial Health criteria checks 3/6
Solvay has a total shareholder equity of €1.3B and total debt of €1.9B, which brings its debt-to-equity ratio to 144.4%. Its total assets and total liabilities are €7.0B and €5.7B respectively. Solvay's EBIT is €793.0M making its interest coverage ratio 27.3. It has cash and short-term investments of €756.0M.
Key information
144.4%
Debt to equity ratio
€1.89b
Debt
Interest coverage ratio | 27.3x |
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: 0NZR's short term assets (€2.7B) exceed its short term liabilities (€2.2B).
Long Term Liabilities: 0NZR's short term assets (€2.7B) do not cover its long term liabilities (€3.5B).
Debt to Equity History and Analysis
Debt Level: 0NZR's net debt to equity ratio (86.5%) is considered high.
Reducing Debt: 0NZR's debt to equity ratio has increased from 35.5% to 144.4% over the past 5 years.
Debt Coverage: 0NZR's debt is well covered by operating cash flow (101.3%).
Interest Coverage: 0NZR's interest payments on its debt are well covered by EBIT (27.3x coverage).