Evonik Industries AG (WBO:EVK) Debt-to-Equity : 0.48 (As of Dec. 2023)

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What is Evonik Industries AG Debt-to-Equity?

Evonik Industries AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €952 Mil. Evonik Industries AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3,295 Mil. Evonik Industries AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €8,910 Mil. Evonik Industries AG's debt to equity for the quarter that ended in Dec. 2023 was 0.48.

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 Evonik Industries AG's Debt-to-Equity or its related term are showing as below:

WBO:EVK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.47 Max: 0.54
Current: 0.48

During the past 13 years, the highest Debt-to-Equity Ratio of Evonik Industries AG was 0.54. The lowest was 0.14. And the median was 0.47.

WBO:EVK's Debt-to-Equity is ranked worse than
60.47% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs WBO:EVK: 0.48

Evonik Industries AG Debt-to-Equity Historical Data

The historical data trend for Evonik Industries AG'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.

* Premium members only.

Evonik Industries AG Debt-to-Equity Chart

Evonik Industries AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.50

0.48

0.39

0.48

Evonik Industries AG 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															0.39	-	-	-	0.48

Competitive Comparison of Evonik Industries AG's Debt-to-Equity

For the Specialty Chemicals subindustry, Evonik Industries AG'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.

Evonik Industries AG's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Evonik Industries AG's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Evonik Industries AG's Debt-to-Equity falls into.

Evonik Industries AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Evonik Industries AG'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
	=	(952	+	3295)	/	8910
	=	0.48

Evonik Industries AG'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
	=	(952	+	3295)	/	8910
	=	0.48

Evonik Industries AG (WBO:EVK) 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.

Evonik Industries AG Debt-to-Equity Related Terms

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Evonik Industries AG (WBO:EVK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Evonik Industries AG (WBO:EVK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EVKIY:USA EVKIF:USA EVK:Italy EVKd:UK 0QDS:UK EVKA:Germany EVK:Germany EVK:Germany EVK:Germany EVK:Germany

Address

Rellinghauser Strasse 1-11, Essen, NW, DEU, 45128

Website

https://www.evonik.com

Evonik Industries is a German chemical company offering a mix of speciality and commodity chemical products. It has a number-one to -three market position in 80% of its businesses. Around 45% of sales are generated in Europe, while the key markets of North America and Asia account for 25% and 20% of sales, respectively. The company is organized into four major segments: specialty additives, smart materials, nutrition and care, and performance materials.

Evonik Industries AG (WBO:EVK) Headlines

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