Stock Analysis on Net

Ecolab Inc. (NYSE:ECL)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 25, 2022.

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Ecolab Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in thousands
Common equity (market value)1
Add: Noncontrolling interest (per books)
Total equity
Add: Short-term debt (per books)
Add: Long-term debt, excluding current maturities (per books)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2021-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Ecolab Inc., EV calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Share price1, 2
No. shares of common stock outstanding1
US$ in thousands
Common equity (market value)3
Add: Noncontrolling interest (book value)
Total equity
Add: Short-term debt (book value)
Add: Long-term debt, excluding current maturities (book value)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Ecolab Inc. Annual Report.

3 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Common Equity (Market Value)
The common equity in market value increased steadily from 37.79 billion US dollars in 2017 to a peak of approximately 59.85 billion in 2020. However, in 2021, this value declined to around 51.70 billion, indicating a reversal of the upward trend observed in the preceding years.
Total Equity
Total equity followed a very similar pattern to common equity, rising from about 37.86 billion US dollars in 2017 to a high of approximately 59.88 billion in 2020. The value then decreased to roughly 51.73 billion in 2021, mirroring the decrease seen in market value of common equity during the same period.
Total Equity and Debt
Total equity and debt exhibited a consistent upward trend from 45.19 billion US dollars in 2017 to a peak of approximately 66.57 billion in 2020. Afterward, it declined to about 60.49 billion in 2021. This indicates that the overall capital structure expanded until 2020 before contracting in the subsequent year.
Enterprise Value (EV)
The enterprise value rose steadily from 44.98 billion US dollars in 2017 to nearly 65.31 billion in 2020. In 2021, it declined to around 60.13 billion, suggesting a reduction in the company's total valuation inclusive of debt and equity after a period of growth.

Overall, all key financial metrics experienced consistent growth from 2017 through 2020, reaching peak values in that year. The subsequent decline across all items in 2021 suggests a shift in market conditions or company performance that affected equity values and capital structure, resulting in reduced enterprise value and overall capital base. This pattern reflects a broad-based adjustment rather than isolated changes within any single component.