Elementis Balance Sheet Health
Financial Health criteria checks 5/6
Elementis has a total shareholder equity of $785.2M and total debt of $260.5M, which brings its debt-to-equity ratio to 33.2%. Its total assets and total liabilities are $1.4B and $639.3M respectively. Elementis's EBIT is $104.6M making its interest coverage ratio 4.8. It has cash and short-term investments of $59.3M.
Key information
33.2%
Debt to equity ratio
US$260.50m
Debt
| Interest coverage ratio | 4.8x |
| Cash | US$59.30m |
| Equity | US$785.20m |
| Total liabilities | US$639.30m |
| Total assets | US$1.42b |
Recent financial health updates
Does Elementis (LON:ELM) Have A Healthy Balance Sheet?
Oct 19
These 4 Measures Indicate That Elementis (LON:ELM) Is Using Debt Extensively
Jun 22Recent updates
Here's What To Make Of Elementis' (LON:ELM) Decelerating Rates Of Return
Sep 20Should You Think About Buying Elementis plc (LON:ELM) Now?
Jun 04It's Unlikely That Elementis plc's (LON:ELM) CEO Will See A Huge Pay Rise This Year
Apr 25Elementis (LON:ELM) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Mar 16Elementis plc (LON:ELM) Shares Could Be 47% Below Their Intrinsic Value Estimate
Feb 17At UK£1.24, Is It Time To Put Elementis plc (LON:ELM) On Your Watch List?
Nov 06Does Elementis (LON:ELM) Have A Healthy Balance Sheet?
Oct 19Are Investors Undervaluing Elementis plc (LON:ELM) By 45%?
Sep 21These 4 Measures Indicate That Elementis (LON:ELM) Is Using Debt Extensively
Jun 22Calculating The Fair Value Of Elementis plc (LON:ELM)
Nov 13A Look At Elementis' (LON:ELM) Share Price Returns
Dec 09
Are Insiders Buying Elementis plc (LON:ELM) Stock?
Jun 22Financial Position Analysis
Short Term Liabilities: ELM's short term assets ($359.9M) exceed its short term liabilities ($176.6M).
Long Term Liabilities: ELM's short term assets ($359.9M) do not cover its long term liabilities ($462.7M).
Debt to Equity History and Analysis
Debt Level: ELM's net debt to equity ratio (25.6%) is considered satisfactory.
Reducing Debt: ELM's debt to equity ratio has reduced from 64.9% to 33.2% over the past 5 years.
Debt Coverage: ELM's debt is well covered by operating cash flow (46.4%).
Interest Coverage: ELM's interest payments on its debt are well covered by EBIT (4.8x coverage).