Elementis Balance Sheet Health
Financial Health criteria checks 5/6
Elementis has a total shareholder equity of $847.3M and total debt of $264.7M, which brings its debt-to-equity ratio to 31.2%. Its total assets and total liabilities are $1.5B and $664.1M respectively. Elementis's EBIT is $92.2M making its interest coverage ratio 5.5. It has cash and short-term investments of $65.8M.
Key information
31.2%
Debt to equity ratio
US$264.70m
Debt
Interest coverage ratio | 5.5x |
Cash | US$65.80m |
Equity | US$847.30m |
Total liabilities | US$664.10m |
Total assets | US$1.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EMNS.F's short term assets ($349.5M) exceed its short term liabilities ($158.9M).
Long Term Liabilities: EMNS.F's short term assets ($349.5M) do not cover its long term liabilities ($505.2M).
Debt to Equity History and Analysis
Debt Level: EMNS.F's net debt to equity ratio (23.5%) is considered satisfactory.
Reducing Debt: EMNS.F's debt to equity ratio has reduced from 64.3% to 31.2% over the past 5 years.
Debt Coverage: EMNS.F's debt is well covered by operating cash flow (29%).
Interest Coverage: EMNS.F's interest payments on its debt are well covered by EBIT (5.5x coverage).