Eli Lilly & Co. (LLY)

Long-term Debt and Solvency Analysis
Quarterly Data

Difficulty: Beginner

Annual Data

Quarterly Data

Solvency ratios also known as long-term debt ratios measure a company's ability to meet long-term obligations.

Eli Lilly & Co., debt and solvency ratios (quarterly data)

		Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013	Sep 30, 2013	Jun 30, 2013	Mar 31, 2013
	Debt to equity
	Debt to capital

Source: Based on data from Eli Lilly & Co. Quarterly and Annual Reports

Ratio	Description	The company
Debt-to-equity ratio	A solvency ratio calculated as total debt divided by total shareholders' equity.	Eli Lilly & Co.'s debt-to-equity ratio improved from Q4 2017 to Q1 2018 but then slightly deteriorated from Q1 2018 to Q2 2018 not reaching Q4 2017 level.
Debt-to-capital ratio	A solvency ratio calculated as total debt divided by total debt plus shareholders' equity.	Eli Lilly & Co.'s debt-to-capital ratio improved from Q4 2017 to Q1 2018 but then slightly deteriorated from Q1 2018 to Q2 2018 not reaching Q4 2017 level.

Eli Lilly & Co., debt to equity calculation (quarterly data)

		Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013	Sep 30, 2013	Jun 30, 2013	Mar 31, 2013
	Selected Financial Data (USD $ in thousands)
	Short-term borrowings and current maturities of long-term debt
	Long-term debt, excluding current maturities
	Total debt
	Total Eli Lilly and Company shareholders' equity
	Ratio
	Debt to equity¹

Source: Based on data from Eli Lilly & Co. Quarterly and Annual Reports

Q2 2018 Calculations

¹ Debt to equity = Total debt ÷ Total Eli Lilly and Company shareholders' equity
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Ratio	Description	The company
Debt-to-equity ratio	A solvency ratio calculated as total debt divided by total shareholders' equity.	Eli Lilly & Co.'s debt-to-equity ratio improved from Q4 2017 to Q1 2018 but then slightly deteriorated from Q1 2018 to Q2 2018 not reaching Q4 2017 level.

Eli Lilly & Co., debt to capital calculation (quarterly data)

		Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013	Sep 30, 2013	Jun 30, 2013	Mar 31, 2013
	Selected Financial Data (USD $ in thousands)
	Short-term borrowings and current maturities of long-term debt
	Long-term debt, excluding current maturities
	Total debt
	Total Eli Lilly and Company shareholders' equity
	Total capital
	Ratio
	Debt to capital¹

Source: Based on data from Eli Lilly & Co. Quarterly and Annual Reports

Q2 2018 Calculations

¹ Debt to capital = Total debt ÷ Total capital
= hidden ÷ hidden = hidden

Ratio	Description	The company
Debt-to-capital ratio	A solvency ratio calculated as total debt divided by total debt plus shareholders' equity.	Eli Lilly & Co.'s debt-to-capital ratio improved from Q4 2017 to Q1 2018 but then slightly deteriorated from Q1 2018 to Q2 2018 not reaching Q4 2017 level.

	Eli Lilly & Co.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

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Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality