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Element Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $27 Mil. Element Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,921 Mil. Element Solutions's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,329 Mil. Element Solutions's debt to equity for the quarter that ended in Dec. 2023 was 0.84.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Element Solutions's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Element Solutions was 2.55. The lowest was 0.57. And the median was 0.83.
The historical data trend for Element Solutions's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Element Solutions Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.69 | 0.66 | 0.78 | 0.82 | 0.84 |
Element Solutions Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.82 | 0.80 | 0.89 | 0.91 | 0.84 |
For the Specialty Chemicals subindustry, Element Solutions's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Chemicals industry and Basic Materials sector, Element Solutions's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Element Solutions's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Element Solutions's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (26.5 | + | 1921) | / | 2328.5 | |
= | 0.84 |
Element Solutions's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (26.5 | + | 1921) | / | 2328.5 | |
= | 0.84 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Element Solutions (NYSE:ESI) Debt-to-Equity Explanation
In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.
Be Aware
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Thank you for viewing the detailed overview of Element Solutions's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Nichelle Maynard-elliott | director | PLATFORM SPECIALTY PRODUCTS CORPORATION, 383 MAIN AVENUE, NORWALK CT 06851 |
Michael Goralski | officer: See Remarks | 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851 |
Benjamin Gliklich | officer: VP Corporate Dev, Finance & IR | 245 FREIGHT STREET, WATERBURY CT 06702 |
Carey J. Dorman | officer: Chief Financial Officer | C/O ELEMENT SOLUTIONS INC, 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851 |
Martin E Franklin | director | C/O MARIPOSA CAPITAL, LLC, 5200 BLUE LAGOON DRIVE, SUITE 855, MIAMI FL 33126 |
Elyse Napoli Filon | director | 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851 |
Scot Benson | officer: President - Perf. Solutions | 245 FREIGHT STREET, WATERBURY CT 06702 |
Joseph J. D'ambrisi | officer: SVP and Head of Electronics | 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851 |
Patricia Mount | officer: VP, Program Mgt & Integration | JARDEN CORPORATION, 555 THEODORE FREMD AVENUE, RYE NY 10580 |
Christopher T. Fraser | director | 9555 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 600, HOUSTON TX 77099 |
Ashken Ian G H | director | C/O MARIPOSA CAPITAL, LLC, 5200 BLUE LAGOON DRIVE, SUITE 855, MIAMI FL 33126 |
John Edward Capps | officer: EVP, General Counsel & Sec. | 2381 EXECUTIVE CENTER DRIVE, BOCA RATON FL 33431 |
Rakesh Sachdev | officer: Chief Executive Officer | 3050 SPRUCE STREET, ST LOUIS MO 63103 |
Pershing Square Capital Management, L.p. | director, 10 percent owner | 787 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019 |
John David Tolbert | officer: Chief Human Resources Officer | 345 S HIGH STREET, STE 201, MUNCIE IN 47305 |
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