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Ecolab Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2005
- Current Ratio since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Aggregate Accruals
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Current Enterprise Value (EV)
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)
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.