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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELMT.Y's short term assets ($359.9M) exceed its short term liabilities ($176.6M).
Long Term Liabilities: ELMT.Y's short term assets ($359.9M) do not cover its long term liabilities ($462.7M).
Debt to Equity History and Analysis
Debt Level: ELMT.Y's net debt to equity ratio (25.6%) is considered satisfactory.
Reducing Debt: ELMT.Y's debt to equity ratio has reduced from 64.9% to 33.2% over the past 5 years.
Debt Coverage: ELMT.Y's debt is well covered by operating cash flow (46.4%).
Interest Coverage: ELMT.Y's interest payments on its debt are well covered by EBIT (4.8x coverage).