Solvay (WBO:SOLB) Debt-to-Asset : 0.33 (As of Sep. 2024)

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What is Solvay Debt-to-Asset?

Solvay's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €183 Mil. Solvay's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €1,993 Mil. Solvay's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was €6,535 Mil. Solvay's debt to asset for the quarter that ended in Sep. 2024 was 0.33.

Solvay Debt-to-Asset Historical Data

The historical data trend for Solvay's Debt-to-Asset 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.

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Solvay Debt-to-Asset Chart

Solvay Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.20

0.16

0.14

0.06

Solvay Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.17	0.06	0.33	0.33	0.33

Competitive Comparison of Solvay's Debt-to-Asset

For the Chemicals subindustry, Solvay's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Solvay's Debt-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Solvay's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Solvay's Debt-to-Asset falls into.

Solvay Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Solvay's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(151	+	243)	/	7022
	=	0.06

Solvay's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(183	+	1993)	/	6535
	=	0.33

Solvay (WBO:SOLB) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Solvay Debt-to-Asset Related Terms

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Solvay Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Solvay SA (WBO:SOLB) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

SVYSF:USA SLVYY:USA SOLBb:UK 0NZR:UK SOL0:Germany SOLB:Belgium

Address

Rue De Ransbeek, 310, Brussels, BEL, B-1120

Website

https://www.solvay.com

Solvay SA is a Belgium-based producer of chemicals, plastics, and composites. Their five major businesses include soda ash, peroxides, silica, rare earths, and fluorine. The company has a top-three market position for nearly all of its products. Key business segments include Basic Chemicals, Performance Chemicals, and Corporate. High-value products include aerospace composites and specialty polymers while traditional chemical products include soda ash and hydrogen peroxide. Geographical exposure is relatively balanced, with Europe, North America, and Asia each contributing a third of sales.

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