Evonik Industries Balance Sheet Health
Financial Health criteria checks 5/6
Evonik Industries has a total shareholder equity of €9.2B and total debt of €4.3B, which brings its debt-to-equity ratio to 46.5%. Its total assets and total liabilities are €20.4B and €11.2B respectively. Evonik Industries's EBIT is €775.0M making its interest coverage ratio 5.4. It has cash and short-term investments of €794.0M.
Key information
46.5%
Debt to equity ratio
€4.28b
Debt
Interest coverage ratio | 5.4x |
Cash | €794.00m |
Equity | €9.22b |
Total liabilities | €11.23b |
Total assets | €20.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EVKI.Y's short term assets (€6.4B) exceed its short term liabilities (€4.3B).
Long Term Liabilities: EVKI.Y's short term assets (€6.4B) do not cover its long term liabilities (€6.9B).
Debt to Equity History and Analysis
Debt Level: EVKI.Y's net debt to equity ratio (37.8%) is considered satisfactory.
Reducing Debt: EVKI.Y's debt to equity ratio has reduced from 56.6% to 46.5% over the past 5 years.
Debt Coverage: EVKI.Y's debt is well covered by operating cash flow (40.8%).
Interest Coverage: EVKI.Y's interest payments on its debt are well covered by EBIT (5.4x coverage).