Evonik Industries Balance Sheet Health
Financial Health criteria checks 5/6
Evonik Industries has a total shareholder equity of €9.0B and total debt of €3.3B, which brings its debt-to-equity ratio to 36.8%. Its total assets and total liabilities are €19.9B and €11.0B respectively. Evonik Industries's EBIT is €606.0M making its interest coverage ratio 4.8. It has cash and short-term investments of €1.0B.
Key information
36.8%
Debt to equity ratio
€3.31b
Debt
Interest coverage ratio | 4.8x |
Cash | €1.03b |
Equity | €8.99b |
Total liabilities | €10.95b |
Total assets | €19.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0QDS's short term assets (€5.9B) exceed its short term liabilities (€4.0B).
Long Term Liabilities: 0QDS's short term assets (€5.9B) do not cover its long term liabilities (€6.9B).
Debt to Equity History and Analysis
Debt Level: 0QDS's net debt to equity ratio (25.3%) is considered satisfactory.
Reducing Debt: 0QDS's debt to equity ratio has reduced from 50% to 36.8% over the past 5 years.
Debt Coverage: 0QDS's debt is well covered by operating cash flow (48.2%).
Interest Coverage: 0QDS's interest payments on its debt are well covered by EBIT (4.8x coverage).