Elanco Animal Health Balance Sheet Health
Financial Health criteria checks 3/6
Elanco Animal Health has a total shareholder equity of $5.9B and total debt of $5.7B, which brings its debt-to-equity ratio to 95.5%. Its total assets and total liabilities are $13.8B and $7.8B respectively. Elanco Animal Health's EBIT is $307.0M making its interest coverage ratio 1.1. It has cash and short-term investments of $416.0M.
Key information
95.5%
Debt to equity ratio
US$5.68b
Debt
| Interest coverage ratio | 1.1x |
| Cash | US$416.00m |
| Equity | US$5.94b |
| Total liabilities | US$7.82b |
| Total assets | US$13.76b |
Recent financial health updates
Elanco Animal Health (NYSE:ELAN) Has A Somewhat Strained Balance Sheet
Jun 06
Elanco Animal Health (NYSE:ELAN) Seems To Be Using A Lot Of Debt
Feb 24Is 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 08Recent updates
Elanco Animal Health Incorporated (NYSE:ELAN) Surges 25% Yet Its Low P/S Is No Reason For Excitement
Sep 01Elanco Animal Health: Positioned For Success
Aug 16Investors Don't See Light At End Of Elanco Animal Health Incorporated's (NYSE:ELAN) Tunnel And Push Stock Down 27%
Jul 11Elanco Animal Health: Pipeline Concerns Appear Overblown
Jun 30Elanco Animal Health (NYSE:ELAN) Has A Somewhat Strained Balance Sheet
Jun 06Elanco Animal Health: At Least Fully Valued After Rally
Jun 05Benign 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 25Financial Position Analysis
Short Term Liabilities: ELAN's short term assets ($4.0B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: ELAN's short term assets ($4.0B) do not cover its long term liabilities ($6.5B).
Debt to Equity History and Analysis
Debt Level: ELAN's net debt to equity ratio (88.5%) is considered high.
Reducing Debt: ELAN's debt to equity ratio has increased from 45.8% to 95.5% 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, due to free cash flow being positive and growing by 5.7% per year.