Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Ecolab Inc., solvency ratios (quarterly data)
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Ecolab Inc. debt to equity ratio improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Ecolab Inc. debt to equity ratio (including operating lease liability) improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Ecolab Inc. debt to capital ratio improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Ecolab Inc. debt to capital ratio (including operating lease liability) improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Ecolab Inc. debt to assets ratio improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Ecolab Inc. debt to assets ratio (including operating lease liability) improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Ecolab Inc. financial leverage ratio decreased from Q2 2021 to Q3 2021 but then increased from Q3 2021 to Q4 2021 exceeding Q2 2021 level. |
Debt to Equity
Ecolab Inc., debt to equity calculation (quarterly data)
| Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Short-term debt | 411,000) | 18,700) | 17,300) | 24,300) | 17,300) | 247,300) | 534,900) | 1,038,300) | 380,600) | 779,100) | 1,069,400) | 1,132,300) | 743,600) | 769,400) | 874,500) | 1,017,800) | 564,400) | 1,073,000) | 1,770,600) | 1,699,400) | ||||||
| Long-term debt, excluding current maturities | 8,347,200) | 5,931,800) | 6,708,900) | 6,685,800) | 6,669,300) | 6,667,700) | 6,752,000) | 6,744,000) | 5,973,500) | 5,966,900) | 5,987,100) | 6,008,200) | 6,301,600) | 6,334,800) | 6,343,100) | 6,397,700) | 6,758,300) | 6,484,500) | 5,909,300) | 5,841,600) | ||||||
| Total debt | 8,758,200) | 5,950,500) | 6,726,200) | 6,710,100) | 6,686,600) | 6,915,000) | 7,286,900) | 7,782,300) | 6,354,100) | 6,746,000) | 7,056,500) | 7,140,500) | 7,045,200) | 7,104,200) | 7,217,600) | 7,415,500) | 7,322,700) | 7,557,500) | 7,679,900) | 7,541,000) | ||||||
| Total Ecolab shareholders’ equity | 7,224,200) | 6,933,500) | 6,709,100) | 6,292,300) | 6,166,500) | 6,014,700) | 5,855,200) | 8,822,100) | 8,685,300) | 8,567,700) | 8,225,400) | 8,220,700) | 8,003,200) | 7,929,400) | 7,849,500) | 7,601,000) | 7,618,500) | 7,222,300) | 6,919,700) | 6,809,400) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to equity1 | 1.21 | 0.86 | 1.00 | 1.07 | 1.08 | 1.15 | 1.24 | 0.88 | 0.73 | 0.79 | 0.86 | 0.87 | 0.88 | 0.90 | 0.92 | 0.98 | 0.96 | 1.05 | 1.11 | 1.11 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||
| Linde plc | 0.32 | 0.38 | 0.34 | 0.34 | 0.34 | 0.39 | 0.38 | 0.38 | 0.28 | 0.27 | 0.28 | 0.28 | — | — | — | — | — | — | — | — | ||||||
| Sherwin-Williams Co. | 3.95 | 3.34 | 3.19 | 2.96 | 2.30 | 1.97 | 2.29 | 2.97 | 2.11 | 2.21 | 2.52 | 2.84 | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
Debt to equity = Total debt ÷ Total Ecolab shareholders’ equity
= 8,758,200 ÷ 7,224,200 = 1.21
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Ecolab Inc. debt to equity ratio improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
Debt to Equity (including Operating Lease Liability)
Ecolab Inc., debt to equity (including operating lease liability) calculation (quarterly data)
| Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Short-term debt | 411,000) | 18,700) | 17,300) | 24,300) | 17,300) | 247,300) | 534,900) | 1,038,300) | 380,600) | 779,100) | 1,069,400) | 1,132,300) | 743,600) | 769,400) | 874,500) | 1,017,800) | 564,400) | 1,073,000) | 1,770,600) | 1,699,400) | ||||||
| Long-term debt, excluding current maturities | 8,347,200) | 5,931,800) | 6,708,900) | 6,685,800) | 6,669,300) | 6,667,700) | 6,752,000) | 6,744,000) | 5,973,500) | 5,966,900) | 5,987,100) | 6,008,200) | 6,301,600) | 6,334,800) | 6,343,100) | 6,397,700) | 6,758,300) | 6,484,500) | 5,909,300) | 5,841,600) | ||||||
| Total debt | 8,758,200) | 5,950,500) | 6,726,200) | 6,710,100) | 6,686,600) | 6,915,000) | 7,286,900) | 7,782,300) | 6,354,100) | 6,746,000) | 7,056,500) | 7,140,500) | 7,045,200) | 7,104,200) | 7,217,600) | 7,415,500) | 7,322,700) | 7,557,500) | 7,679,900) | 7,541,000) | ||||||
| Noncurrent operating lease liabilities | 282,600) | 263,000) | 273,800) | 291,200) | 300,500) | 310,700) | 319,400) | 406,900) | 425,200) | 418,900) | 398,600) | 412,200) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||
| Total debt (including operating lease liability) | 9,040,800) | 6,213,500) | 7,000,000) | 7,001,300) | 6,987,100) | 7,225,700) | 7,606,300) | 8,189,200) | 6,779,300) | 7,164,900) | 7,455,100) | 7,552,700) | 7,045,200) | 7,104,200) | 7,217,600) | 7,415,500) | 7,322,700) | 7,557,500) | 7,679,900) | 7,541,000) | ||||||
| Total Ecolab shareholders’ equity | 7,224,200) | 6,933,500) | 6,709,100) | 6,292,300) | 6,166,500) | 6,014,700) | 5,855,200) | 8,822,100) | 8,685,300) | 8,567,700) | 8,225,400) | 8,220,700) | 8,003,200) | 7,929,400) | 7,849,500) | 7,601,000) | 7,618,500) | 7,222,300) | 6,919,700) | 6,809,400) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | 1.25 | 0.90 | 1.04 | 1.11 | 1.13 | 1.20 | 1.30 | 0.93 | 0.78 | 0.84 | 0.91 | 0.92 | 0.88 | 0.90 | 0.92 | 0.98 | 0.96 | 1.05 | 1.11 | 1.11 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||
| Sherwin-Williams Co. | 4.72 | 4.02 | 3.83 | 3.54 | 2.80 | 2.40 | 2.74 | 3.50 | 2.53 | 2.64 | 2.98 | 3.34 | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Ecolab shareholders’ equity
= 9,040,800 ÷ 7,224,200 = 1.25
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Ecolab Inc. debt to equity ratio (including operating lease liability) improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
Debt to Capital
Ecolab Inc., debt to capital calculation (quarterly data)
| Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Short-term debt | 411,000) | 18,700) | 17,300) | 24,300) | 17,300) | 247,300) | 534,900) | 1,038,300) | 380,600) | 779,100) | 1,069,400) | 1,132,300) | 743,600) | 769,400) | 874,500) | 1,017,800) | 564,400) | 1,073,000) | 1,770,600) | 1,699,400) | ||||||
| Long-term debt, excluding current maturities | 8,347,200) | 5,931,800) | 6,708,900) | 6,685,800) | 6,669,300) | 6,667,700) | 6,752,000) | 6,744,000) | 5,973,500) | 5,966,900) | 5,987,100) | 6,008,200) | 6,301,600) | 6,334,800) | 6,343,100) | 6,397,700) | 6,758,300) | 6,484,500) | 5,909,300) | 5,841,600) | ||||||
| Total debt | 8,758,200) | 5,950,500) | 6,726,200) | 6,710,100) | 6,686,600) | 6,915,000) | 7,286,900) | 7,782,300) | 6,354,100) | 6,746,000) | 7,056,500) | 7,140,500) | 7,045,200) | 7,104,200) | 7,217,600) | 7,415,500) | 7,322,700) | 7,557,500) | 7,679,900) | 7,541,000) | ||||||
| Total Ecolab shareholders’ equity | 7,224,200) | 6,933,500) | 6,709,100) | 6,292,300) | 6,166,500) | 6,014,700) | 5,855,200) | 8,822,100) | 8,685,300) | 8,567,700) | 8,225,400) | 8,220,700) | 8,003,200) | 7,929,400) | 7,849,500) | 7,601,000) | 7,618,500) | 7,222,300) | 6,919,700) | 6,809,400) | ||||||
| Total capital | 15,982,400) | 12,884,000) | 13,435,300) | 13,002,400) | 12,853,100) | 12,929,700) | 13,142,100) | 16,604,400) | 15,039,400) | 15,313,700) | 15,281,900) | 15,361,200) | 15,048,400) | 15,033,600) | 15,067,100) | 15,016,500) | 14,941,200) | 14,779,800) | 14,599,600) | 14,350,400) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to capital1 | 0.55 | 0.46 | 0.50 | 0.52 | 0.52 | 0.53 | 0.55 | 0.47 | 0.42 | 0.44 | 0.46 | 0.46 | 0.47 | 0.47 | 0.48 | 0.49 | 0.49 | 0.51 | 0.53 | 0.53 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||
| Linde plc | 0.24 | 0.27 | 0.25 | 0.25 | 0.25 | 0.28 | 0.28 | 0.27 | 0.22 | 0.21 | 0.22 | 0.22 | — | — | — | — | — | — | — | — | ||||||
| Sherwin-Williams Co. | 0.80 | 0.77 | 0.76 | 0.75 | 0.70 | 0.66 | 0.70 | 0.75 | 0.68 | 0.69 | 0.72 | 0.74 | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 8,758,200 ÷ 15,982,400 = 0.55
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Ecolab Inc. debt to capital ratio improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
Debt to Capital (including Operating Lease Liability)
Ecolab Inc., debt to capital (including operating lease liability) calculation (quarterly data)
| Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Short-term debt | 411,000) | 18,700) | 17,300) | 24,300) | 17,300) | 247,300) | 534,900) | 1,038,300) | 380,600) | 779,100) | 1,069,400) | 1,132,300) | 743,600) | 769,400) | 874,500) | 1,017,800) | 564,400) | 1,073,000) | 1,770,600) | 1,699,400) | ||||||
| Long-term debt, excluding current maturities | 8,347,200) | 5,931,800) | 6,708,900) | 6,685,800) | 6,669,300) | 6,667,700) | 6,752,000) | 6,744,000) | 5,973,500) | 5,966,900) | 5,987,100) | 6,008,200) | 6,301,600) | 6,334,800) | 6,343,100) | 6,397,700) | 6,758,300) | 6,484,500) | 5,909,300) | 5,841,600) | ||||||
| Total debt | 8,758,200) | 5,950,500) | 6,726,200) | 6,710,100) | 6,686,600) | 6,915,000) | 7,286,900) | 7,782,300) | 6,354,100) | 6,746,000) | 7,056,500) | 7,140,500) | 7,045,200) | 7,104,200) | 7,217,600) | 7,415,500) | 7,322,700) | 7,557,500) | 7,679,900) | 7,541,000) | ||||||
| Noncurrent operating lease liabilities | 282,600) | 263,000) | 273,800) | 291,200) | 300,500) | 310,700) | 319,400) | 406,900) | 425,200) | 418,900) | 398,600) | 412,200) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||
| Total debt (including operating lease liability) | 9,040,800) | 6,213,500) | 7,000,000) | 7,001,300) | 6,987,100) | 7,225,700) | 7,606,300) | 8,189,200) | 6,779,300) | 7,164,900) | 7,455,100) | 7,552,700) | 7,045,200) | 7,104,200) | 7,217,600) | 7,415,500) | 7,322,700) | 7,557,500) | 7,679,900) | 7,541,000) | ||||||
| Total Ecolab shareholders’ equity | 7,224,200) | 6,933,500) | 6,709,100) | 6,292,300) | 6,166,500) | 6,014,700) | 5,855,200) | 8,822,100) | 8,685,300) | 8,567,700) | 8,225,400) | 8,220,700) | 8,003,200) | 7,929,400) | 7,849,500) | 7,601,000) | 7,618,500) | 7,222,300) | 6,919,700) | 6,809,400) | ||||||
| Total capital (including operating lease liability) | 16,265,000) | 13,147,000) | 13,709,100) | 13,293,600) | 13,153,600) | 13,240,400) | 13,461,500) | 17,011,300) | 15,464,600) | 15,732,600) | 15,680,500) | 15,773,400) | 15,048,400) | 15,033,600) | 15,067,100) | 15,016,500) | 14,941,200) | 14,779,800) | 14,599,600) | 14,350,400) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.56 | 0.47 | 0.51 | 0.53 | 0.53 | 0.55 | 0.57 | 0.48 | 0.44 | 0.46 | 0.48 | 0.48 | 0.47 | 0.47 | 0.48 | 0.49 | 0.49 | 0.51 | 0.53 | 0.53 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||
| Sherwin-Williams Co. | 0.83 | 0.80 | 0.79 | 0.78 | 0.74 | 0.71 | 0.73 | 0.78 | 0.72 | 0.73 | 0.75 | 0.77 | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 9,040,800 ÷ 16,265,000 = 0.56
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Ecolab Inc. debt to capital ratio (including operating lease liability) improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
Debt to Assets
Ecolab Inc., debt to assets calculation (quarterly data)
| Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Short-term debt | 411,000) | 18,700) | 17,300) | 24,300) | 17,300) | 247,300) | 534,900) | 1,038,300) | 380,600) | 779,100) | 1,069,400) | 1,132,300) | 743,600) | 769,400) | 874,500) | 1,017,800) | 564,400) | 1,073,000) | 1,770,600) | 1,699,400) | ||||||
| Long-term debt, excluding current maturities | 8,347,200) | 5,931,800) | 6,708,900) | 6,685,800) | 6,669,300) | 6,667,700) | 6,752,000) | 6,744,000) | 5,973,500) | 5,966,900) | 5,987,100) | 6,008,200) | 6,301,600) | 6,334,800) | 6,343,100) | 6,397,700) | 6,758,300) | 6,484,500) | 5,909,300) | 5,841,600) | ||||||
| Total debt | 8,758,200) | 5,950,500) | 6,726,200) | 6,710,100) | 6,686,600) | 6,915,000) | 7,286,900) | 7,782,300) | 6,354,100) | 6,746,000) | 7,056,500) | 7,140,500) | 7,045,200) | 7,104,200) | 7,217,600) | 7,415,500) | 7,322,700) | 7,557,500) | 7,679,900) | 7,541,000) | ||||||
| Total assets | 21,206,400) | 17,926,200) | 18,533,700) | 18,208,100) | 18,126,000) | 18,097,100) | 18,082,400) | 22,339,600) | 20,869,100) | 20,835,600) | 20,827,600) | 20,927,600) | 20,074,500) | 19,962,600) | 19,951,600) | 20,184,300) | 19,962,400) | 19,856,700) | 19,523,400) | 19,223,000) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to assets1 | 0.41 | 0.33 | 0.36 | 0.37 | 0.37 | 0.38 | 0.40 | 0.35 | 0.30 | 0.32 | 0.34 | 0.34 | 0.35 | 0.36 | 0.36 | 0.37 | 0.37 | 0.38 | 0.39 | 0.39 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||
| Linde plc | 0.17 | 0.20 | 0.18 | 0.19 | 0.18 | 0.20 | 0.20 | 0.20 | 0.16 | 0.16 | 0.16 | 0.15 | — | — | — | — | — | — | — | — | ||||||
| Sherwin-Williams Co. | 0.47 | 0.43 | 0.44 | 0.45 | 0.41 | 0.40 | 0.43 | 0.47 | 0.42 | 0.43 | 0.45 | 0.47 | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
Debt to assets = Total debt ÷ Total assets
= 8,758,200 ÷ 21,206,400 = 0.41
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Ecolab Inc. debt to assets ratio improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
Debt to Assets (including Operating Lease Liability)
Ecolab Inc., debt to assets (including operating lease liability) calculation (quarterly data)
| Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Short-term debt | 411,000) | 18,700) | 17,300) | 24,300) | 17,300) | 247,300) | 534,900) | 1,038,300) | 380,600) | 779,100) | 1,069,400) | 1,132,300) | 743,600) | 769,400) | 874,500) | 1,017,800) | 564,400) | 1,073,000) | 1,770,600) | 1,699,400) | ||||||
| Long-term debt, excluding current maturities | 8,347,200) | 5,931,800) | 6,708,900) | 6,685,800) | 6,669,300) | 6,667,700) | 6,752,000) | 6,744,000) | 5,973,500) | 5,966,900) | 5,987,100) | 6,008,200) | 6,301,600) | 6,334,800) | 6,343,100) | 6,397,700) | 6,758,300) | 6,484,500) | 5,909,300) | 5,841,600) | ||||||
| Total debt | 8,758,200) | 5,950,500) | 6,726,200) | 6,710,100) | 6,686,600) | 6,915,000) | 7,286,900) | 7,782,300) | 6,354,100) | 6,746,000) | 7,056,500) | 7,140,500) | 7,045,200) | 7,104,200) | 7,217,600) | 7,415,500) | 7,322,700) | 7,557,500) | 7,679,900) | 7,541,000) | ||||||
| Noncurrent operating lease liabilities | 282,600) | 263,000) | 273,800) | 291,200) | 300,500) | 310,700) | 319,400) | 406,900) | 425,200) | 418,900) | 398,600) | 412,200) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||
| Total debt (including operating lease liability) | 9,040,800) | 6,213,500) | 7,000,000) | 7,001,300) | 6,987,100) | 7,225,700) | 7,606,300) | 8,189,200) | 6,779,300) | 7,164,900) | 7,455,100) | 7,552,700) | 7,045,200) | 7,104,200) | 7,217,600) | 7,415,500) | 7,322,700) | 7,557,500) | 7,679,900) | 7,541,000) | ||||||
| Total assets | 21,206,400) | 17,926,200) | 18,533,700) | 18,208,100) | 18,126,000) | 18,097,100) | 18,082,400) | 22,339,600) | 20,869,100) | 20,835,600) | 20,827,600) | 20,927,600) | 20,074,500) | 19,962,600) | 19,951,600) | 20,184,300) | 19,962,400) | 19,856,700) | 19,523,400) | 19,223,000) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.43 | 0.35 | 0.38 | 0.38 | 0.39 | 0.40 | 0.42 | 0.37 | 0.32 | 0.34 | 0.36 | 0.36 | 0.35 | 0.36 | 0.36 | 0.37 | 0.37 | 0.38 | 0.39 | 0.39 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||
| Sherwin-Williams Co. | 0.56 | 0.52 | 0.53 | 0.53 | 0.50 | 0.48 | 0.52 | 0.56 | 0.51 | 0.51 | 0.53 | 0.55 | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 9,040,800 ÷ 21,206,400 = 0.43
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Ecolab Inc. debt to assets ratio (including operating lease liability) improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
Financial Leverage
Ecolab Inc., financial leverage calculation (quarterly data)
| Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Total assets | 21,206,400) | 17,926,200) | 18,533,700) | 18,208,100) | 18,126,000) | 18,097,100) | 18,082,400) | 22,339,600) | 20,869,100) | 20,835,600) | 20,827,600) | 20,927,600) | 20,074,500) | 19,962,600) | 19,951,600) | 20,184,300) | 19,962,400) | 19,856,700) | 19,523,400) | 19,223,000) | ||||||
| Total Ecolab shareholders’ equity | 7,224,200) | 6,933,500) | 6,709,100) | 6,292,300) | 6,166,500) | 6,014,700) | 5,855,200) | 8,822,100) | 8,685,300) | 8,567,700) | 8,225,400) | 8,220,700) | 8,003,200) | 7,929,400) | 7,849,500) | 7,601,000) | 7,618,500) | 7,222,300) | 6,919,700) | 6,809,400) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Financial leverage1 | 2.94 | 2.59 | 2.76 | 2.89 | 2.94 | 3.01 | 3.09 | 2.53 | 2.40 | 2.43 | 2.53 | 2.55 | 2.51 | 2.52 | 2.54 | 2.66 | 2.62 | 2.75 | 2.82 | 2.82 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||
| Linde plc | 1.85 | 1.90 | 1.84 | 1.84 | 1.86 | 1.89 | 1.89 | 1.88 | 1.76 | 1.72 | 1.72 | 1.79 | — | — | — | — | — | — | — | — | ||||||
| Sherwin-Williams Co. | 8.48 | 7.71 | 7.22 | 6.64 | 5.65 | 4.95 | 5.30 | 6.25 | 4.97 | 5.19 | 5.65 | 6.06 | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
Financial leverage = Total assets ÷ Total Ecolab shareholders’ equity
= 21,206,400 ÷ 7,224,200 = 2.94
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Ecolab Inc. financial leverage ratio decreased from Q2 2021 to Q3 2021 but then increased from Q3 2021 to Q4 2021 exceeding Q2 2021 level. |