Elanco Animal Health Balance Sheet Health
Financial Health criteria checks 3/6
Elanco Animal Health has a total shareholder equity of $6.2B and total debt of $5.8B, which brings its debt-to-equity ratio to 92.8%. Its total assets and total liabilities are $14.4B and $8.1B respectively. Elanco Animal Health's EBIT is $245.0M making its interest coverage ratio 0.9. It has cash and short-term investments of $352.0M.
Key information
92.8%
Debt to equity ratio
US$5.77b
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$352.00m |
| Equity | US$6.22b |
| Total liabilities | US$8.14b |
| Total assets | US$14.36b |
Recent financial health updates
Elanco Animal Health (NYSE:ELAN) Seems To Be Using A Lot Of Debt
Feb 24
Is Elanco Animal Health (NYSE:ELAN) A Risky Investment?
Nov 09Here's Why Elanco Animal Health (NYSE:ELAN) Is Weighed Down By Its Debt Load
Aug 02Elanco Animal Health (NYSE:ELAN) Has A Somewhat Strained Balance Sheet
Feb 22We Think Elanco Animal Health (NYSE:ELAN) Is Taking Some Risk With Its Debt
Nov 08We Think Elanco Animal Health (NYSE:ELAN) Is Taking Some Risk With Its Debt
Jul 25Recent updates
Benign Growth For Elanco Animal Health Incorporated (NYSE:ELAN) Underpins Its Share Price
Apr 22Elanco Animal Health (NYSE:ELAN) Seems To Be Using A Lot Of Debt
Feb 24Elanco Animal Health: A Solid Sale Addresses Leverage
Feb 09Elanco Animal Health Incorporated (NYSE:ELAN) Looks Inexpensive But Perhaps Not Attractive Enough
Jan 01Elanco Animal Health: Turning More Healthy
Dec 21Is Elanco Animal Health (NYSE:ELAN) A Risky Investment?
Nov 09Elanco Animal Health: Signs Of Stabilization, Amidst Still A Big Debt Pile
Oct 05Here's Why Elanco Animal Health (NYSE:ELAN) Is Weighed Down By Its Debt Load
Aug 02Elanco Animal Health: Seems Like A Decent Bet Right Now
Jul 25Elanco Animal Health: Robust Results Overshadowed By Persisting Challenges
Jul 14There's No Escaping Elanco Animal Health Incorporated's (NYSE:ELAN) Muted Revenues
Jun 09Elanco Animal Health (NYSE:ELAN) Has A Somewhat Strained Balance Sheet
Feb 22Elanco Q4 2022 Earnings Preview
Feb 20Elanco's Tangible Equity Units: Living With The Worst Case
Dec 13We Think Elanco Animal Health (NYSE:ELAN) Is Taking Some Risk With Its Debt
Nov 08Elanco Q3 2022 Earnings Preview
Nov 07Elanco Animal Health: This 'Sick Dog' Should Recover
Oct 19Elanco adds 9% as activist investor Sachem Head raises stake
Sep 09Elanco Animal Health hits another 52-week low. What's going on with the company?
Aug 23Elanco Animal Health hits 52-week low; down 33% YTD
Aug 16Elanco Q2 2022 Earnings Preview
Aug 05We Think Elanco Animal Health (NYSE:ELAN) Is Taking Some Risk With Its Debt
Jul 25Elanco Animal Health: Bullish Beyond Near-Term 'Bird Flu' Headwinds
Apr 19Is Elanco Animal Health (NYSE:ELAN) A Risky Investment?
Apr 13Financial Position Analysis
Short Term Liabilities: ELAN's short term assets ($3.4B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: ELAN's short term assets ($3.4B) do not cover its long term liabilities ($6.9B).
Debt to Equity History and Analysis
Debt Level: ELAN's net debt to equity ratio (87.1%) is considered high.
Reducing Debt: ELAN's debt to equity ratio has increased from 47.7% to 92.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ELAN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ELAN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 2.9% per year.