How much debt does Balchem have?
According to Balchem's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Balchem's total debt stands at $37.38M. This is broken down into:
- Long-term debt: $34.05M
- Short-term debt: $6.66M
The company's net debt, which accounts for cash and cash equivalents, is $-12.14M. In terms of overall financial obligations, Balchem's total liabilities amount to $425.46M.
Debt Ratios and Metrics
To better understand Balchem's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.03 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 2.37% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 11.07 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 2.88% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 3.15% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Balchem's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$37.38M
Long-term Debt
$34.05M
Short-term Debt
$6.66M
Net Debt
$-12.14M
Total Liabilities
$425.46M
Interest Coverage
11.07
Debt to Equity Ratio
0.03
Debt Ratio
2.37%
Balchem Historical Debt Metrics
Balchem Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $37.38M | $34.05M | $6.66M | $-12.14M | $425.46M | 0.03 | 2.37% | 11.07 | 2.88% | 3.15% |
| 2023 | $330.33M | $326.11M | $4.22M | $265.89M | $543.23M | 0.31 | 20.68% | 7.04 | 22.70% | 23.86% |
| 2022 | $440.57M | $456.59M | $8.04M | $374.01M | $686.23M | 0.47 | 27.12% | 14.14 | 31.95% | 31.95% |
| 2021 | $108.57M | $115.68M | $4.72M | $5.33M | $322.31M | 0.12 | 9.05% | 51.91 | 11.02% | 11.02% |
| 2020 | $163.57M | $169.65M | $4.67M | $79.00M | $337.61M | 0.20 | 14.03% | 25.04 | 16.49% | 16.49% |
| 2019 | $248.57M | $253.40M | $4.95M | $182.90M | $412.01M | 0.33 | 21.51% | 17.21 | 25.05% | 25.05% |
| 2018 | $156.00M | $156.00M | $- | $101.73M | $289.74M | 0.23 | 15.90% | 14.16 | 18.40% | 18.40% |
| 2017 | $218.96M | $183.96M | $35.00M | $178.55M | $346.75M | 0.35 | 22.72% | 12.89 | 22.97% | 26.20% |
| 2016 | $280.49M | $245.49M | $35.00M | $241.85M | $427.59M | 0.54 | 29.57% | 12.50 | 32.03% | 34.99% |
| 2015 | $297.50M | $260.96M | $32.27M | $212.71M | $417.52M | 0.64 | 33.76% | 14.25 | 36.01% | 39.08% |
Related Metrics
Explore detailed financial metrics and analysis for BCPC.