Element Solutions Inc (ESI) Balance Sheet
ESI balance sheet, 2025
December 31, 2025 · U.S. dollars$5.10B assets = $2.41B liabilities + $2.69B equity
Both columns are drawn to the same scale: what ESI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ESI financial health
Descriptive bands, not a rating. Fiscal 2025.
ESI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $10.05B2016 | $5.10B2025 | −7.3%/yr | |
| Total liabilities | $7.17B2016 | $2.41B2025 | −11.4%/yr | |
| Shareholders’ equity | $2.73B2016 | $2.67B2025 | −0.2%/yr | |
| Cash & short-term investments | $423.0M2016 | $626.5M2025 | +4.5%/yr | |
| Total debt | $5.24B2016 | $1.64B2025 | −12.1%/yr | |
| Net cash (debt) | −$4.82B2016 | −$1.02B2025 | +$3.8B | |
| Working capital | $988.0M2016 | $1.15B2025 | +$164.6M | |
| Book value per share | $10.042016 | $11.032025 | +1.0%/yr | |
| Current ratio | 1.912016 | 3.682025 | +1.77 | |
| Debt / equity | 1.922016 | 0.612025 | −1.30 | |
| Shares outstanding | 272.3M2016 | 242.4M2025 | −1.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ESI assets
ESI liabilities and equity
ESI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ESI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $626.5M | $359.4M | $289.3M | $265.6M | $330.1M | $291.9M | $190.1M | $233.6M | $477.8M | $423.0M |
| Cash & equivalents | $626.5M | $359.4M | $289.3M | $265.6M | $330.1M | $291.9M | $190.1M | $233.6M | $477.8M | $423.0M |
| Short-term investments | — | — | $19.9M | $32.7M | — | — | — | $6.5M | — | $900,000 |
| Receivables | $517.7M | $439.6M | $461.8M | $455.8M | $492.2M | $403.4M | $363.9M | $382.4M | $399.8M | $1.05B |
| Inventory | $294.7M | $246.2M | $298.9M | $290.7M | $274.4M | $203.1M | $199.6M | $188.1M | $490.4M | $416.0M |
| Other current assets | $143.6M | $224.8M | $147.5M | $176.6M | $117.8M | $91.5M | $79.8M | $1.68B | $972.6M | $177.2M |
| Total current assets | $1.58B | $1.27B | $1.20B | $1.19B | $1.21B | $989.9M | $833.4M | $2.48B | $2.34B | $2.07B |
| Property, plant & equipment (net) | $319.6M | $276.8M | $296.9M | $277.2M | $278.1M | $240.4M | $264.8M | $266.9M | $452.3M | $461.0M |
| Goodwill & intangible assets | $2.90B | $2.86B | $3.22B | $3.22B | $3.48B | $3.11B | $3.12B | $3.21B | $7.34B | $7.41B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $300,000 | $2.9M | $6.4M | $5.7M |
| Other non-current assets | $300.2M | $463.1M | $263.7M | $219.5M | $162.8M | $144.5M | $101.9M | $3.44B | $114.6M | $104.3M |
| Total assets | $5.10B | $4.87B | $4.97B | $4.90B | $5.14B | $4.48B | $4.32B | $9.40B | $10.25B | $10.05B |
| Liabilities | ||||||||||
| Accounts payable | $165.5M | $121.3M | $140.6M | $132.2M | $138.4M | $95.6M | $96.8M | $100.9M | $111.2M | $383.6M |
| Short-term debt | $16.5M | $25.6M | $26.5M | $27.4M | $31.4M | $23.8M | $23.9M | $25.3M | $10.1M | $116.1M |
| Deferred revenue | — | — | $10.6M | $51.5M | $184.9M | $204.2M | $155.1M | $29.6M | $365.6M | $584.0M |
| Total current liabilities | $429.9M | $379.7M | $369.4M | $344.4M | $415.2M | $314.3M | $293.8M | $1.14B | $1.09B | $1.08B |
| Long-term debt | $1.63B | $1.81B | $1.92B | $1.88B | $1.89B | $1.51B | $1.51B | $5.35B | $5.44B | $5.12B |
| Lease obligations | $16.5M | $15.2M | $15.0M | $15.9M | $18.7M | $16.4M | $16.1M | — | — | — |
| Other long-term liabilities | $356.2M | $282.2M | $339.4M | $326.4M | $328.2M | $342.9M | $298.1M | $727.2M | $860.0M | $959.1M |
| Total liabilities | $2.41B | $2.48B | $2.63B | $2.55B | $2.64B | $2.17B | $2.11B | $7.22B | $7.39B | $7.17B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.7M | $2.7M | $2.7M | $2.7M | $2.6M | $2.6M | $2.6M | $2.9M | $2.9M | $3.0M |
| Retained earnings (deficit) | −$904.6M | −$1.02B | −$1.18B | −$1.22B | −$1.33B | −$1.47B | −$1.54B | −$1.20B | −$869.7M | −$574.0M |
| Treasury stock | — | — | — | — | −$159.2M | −$137.7M | −$78.9M | −$3.5M | −$100,000 | — |
| Accumulated other comprehensive income | −$308.9M | −$467.2M | −$345.9M | −$298.1M | −$197.4M | −$194.8M | −$280.5M | −$756.9M | −$422.0M | −$675.0M |
| Minority interest | $14.9M | $15.4M | $15.8M | $16.6M | $20.1M | −$1.7M | −$1.6M | $71.9M | $116.9M | $153.7M |
| Total shareholders' equity | $2.67B | $2.38B | $2.33B | $2.33B | $2.48B | $2.32B | $2.22B | $2.11B | $2.74B | $2.73B |
| Key figures | ||||||||||
| Total debt | $1.64B | $1.91B | $2.03B | $1.98B | $1.97B | $1.57B | $1.58B | $5.38B | $5.45B | $5.24B |
| Net cash (debt) | −$1.02B | −$1.55B | −$1.74B | −$1.72B | −$1.64B | −$1.28B | −$1.39B | −$5.14B | −$4.97B | −$4.82B |
| Working capital | $1.15B | $890.3M | $828.1M | $844.3M | $799.3M | $675.6M | $539.6M | $1.34B | $1.25B | $988.0M |
| Tangible book value | −$224.6M | −$481.0M | −$887.5M | −$885.8M | −$1.00B | −$788.8M | −$903.1M | −$1.10B | −$4.60B | −$4.68B |
| Book value per share | $11.03 | $9.82 | $9.63 | $9.49 | $10.01 | $9.28 | $8.54 | $7.32 | $9.59 | $10.04 |
| Shares outstanding | 242.4M | 242.6M | 241.8M | 245.8M | 247.9M | 249.9M | 260.1M | 288.2M | 286.1M | 272.3M |
| Current ratio | 3.68 | 3.34 | 3.24 | 3.45 | 2.93 | 3.15 | 2.84 | 2.17 | 2.14 | 1.91 |
| Quick ratio | 2.66 | 2.10 | 2.03 | 2.09 | 1.98 | 2.21 | 1.89 | 0.54 | 0.80 | 1.36 |
| Debt / equity | 0.61 | 0.80 | 0.87 | 0.85 | 0.79 | 0.68 | 0.71 | 2.55 | 1.99 | 1.92 |
| Equity / assets | 52.4% | 48.9% | 46.8% | 47.6% | 48.3% | 51.7% | 51.4% | 22.4% | 26.8% | 27.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $189.6M | $177.3M | $626.5M | $594.3M | $529.9M | $499.2M | $359.4M | $376.0M | $309.3M | $286.3M | $289.3M | $329.6M |
| Cash & equivalents | $189.6M | $177.3M | $626.5M | $594.3M | $529.9M | $499.2M | $359.4M | $376.0M | $309.3M | $286.3M | $289.3M | $329.6M |
| Short-term investments | — | — | — | — | — | — | — | — | $20.1M | $24.2M | $19.9M | $30.5M |
| Receivables | $711.0M | $676.9M | $517.7M | $502.2M | $496.7M | $454.7M | $439.6M | $474.9M | $480.7M | $459.0M | $461.8M | $449.5M |
| Inventory | $417.5M | $421.6M | $294.7M | $290.9M | $283.8M | $269.9M | $246.2M | $285.7M | $335.4M | $319.1M | $298.9M | $322.8M |
| Other current assets | $204.7M | $182.6M | $143.6M | $138.8M | $143.8M | $136.7M | $224.8M | $214.6M | $176.6M | $171.4M | $147.5M | $197.6M |
| Total current assets | $1.52B | $1.46B | $1.58B | $1.53B | $1.45B | $1.36B | $1.27B | $1.35B | $1.30B | $1.24B | $1.20B | $1.30B |
| Property, plant & equipment (net) | $408.8M | $403.3M | $319.6M | $300.1M | $296.6M | $283.8M | $276.8M | $273.9M | $297.6M | $295.5M | $296.9M | $279.2M |
| Goodwill & intangible assets | $3.54B | $3.56B | $2.90B | $2.91B | $2.95B | $2.88B | $2.86B | $3.00B | $3.09B | $3.14B | $3.22B | $3.17B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $310.3M | $311.2M | $300.2M | $309.1M | $304.0M | $274.6M | $463.1M | $470.7M | $290.6M | $238.6M | $263.7M | $219.0M |
| Total assets | $5.78B | $5.74B | $5.10B | $5.05B | $5.00B | $4.79B | $4.87B | $5.10B | $4.98B | $4.91B | $4.97B | $4.97B |
| Liabilities | ||||||||||||
| Accounts payable | $186.4M | $180.8M | $165.5M | $145.2M | $148.3M | $145.2M | $121.3M | $127.1M | $146.2M | $132.9M | $140.6M | $143.8M |
| Short-term debt | $62.9M | $97.9M | $16.5M | $0 | $200,000 | $100,000 | $25.6M | $11.5M | $11.5M | $11.5M | $26.5M | $11.5M |
| Deferred revenue | — | — | — | — | — | — | — | $228.8M | — | — | — | — |
| Total current liabilities | $523.8M | $543.6M | $429.9M | $376.7M | $354.9M | $344.6M | $379.7M | $384.0M | $372.2M | $340.9M | $369.4M | $376.7M |
| Long-term debt | $2.06B | $2.06B | $1.63B | $1.63B | $1.62B | $1.62B | $1.81B | $1.91B | $1.92B | $1.92B | $1.92B | $2.03B |
| Lease obligations | — | — | $16.5M | — | — | — | $15.2M | — | — | — | $15.0M | — |
| Other long-term liabilities | $376.6M | $385.7M | $356.2M | $374.5M | $381.9M | $291.2M | $282.2M | $344.8M | $304.7M | $313.1M | $339.4M | $318.1M |
| Total liabilities | $2.96B | $2.99B | $2.41B | $2.38B | $2.36B | $2.26B | $2.48B | $2.64B | $2.59B | $2.57B | $2.63B | $2.72B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M |
| Retained earnings (deficit) | −$811.2M | −$868.5M | −$904.6M | −$891.1M | −$910.9M | −$938.6M | −$1.02B | −$1.05B | −$1.07B | −$1.15B | −$1.18B | −$1.24B |
| Accumulated other comprehensive income | −$285.6M | −$292.9M | −$308.9M | −$319.5M | −$318.1M | −$409.6M | −$467.2M | −$371.9M | −$413.2M | −$384.2M | −$345.9M | −$387.1M |
| Minority interest | $14.6M | $14.8M | $14.9M | $15.0M | $15.1M | — | — | — | — | — | — | — |
| Total shareholders' equity | $2.81B | $2.73B | $2.67B | $2.65B | $2.63B | $2.52B | $2.38B | $2.44B | $2.37B | $2.32B | $2.33B | $2.23B |
| Key figures | ||||||||||||
| Total debt | $2.12B | $2.16B | $1.64B | $1.63B | $1.62B | $1.62B | $1.91B | $1.93B | $1.93B | $1.93B | $2.03B | $2.04B |
| Net cash (debt) | −$1.93B | −$1.98B | −$1.02B | −$1.03B | −$1.09B | −$1.12B | −$1.55B | −$1.55B | −$1.62B | −$1.64B | −$1.74B | −$1.71B |
| Working capital | $999.0M | $914.8M | $1.15B | $1.15B | $1.10B | $1.02B | $890.3M | $967.2M | $929.8M | $894.9M | $828.1M | $922.8M |
| Tangible book value | −$729.6M | −$829.9M | −$224.6M | −$256.0M | −$321.6M | −$355.9M | −$481.0M | −$563.1M | −$719.1M | −$818.6M | −$887.5M | −$940.9M |
| Book value per share | $11.53 | $11.22 | $11.03 | $10.97 | $10.83 | $10.37 | $9.82 | $10.05 | $9.79 | $9.58 | $9.63 | $9.23 |
| Shares outstanding | 243.9M | 243.7M | 242.4M | 242.0M | 242.6M | 243.0M | 242.6M | 242.6M | 242.5M | 242.5M | 241.9M | 241.5M |
| Current ratio | 2.91 | 2.68 | 3.68 | 4.05 | 4.10 | 3.95 | 3.34 | 3.52 | 3.50 | 3.63 | 3.24 | 3.45 |
| Quick ratio | 1.72 | 1.57 | 2.66 | 2.91 | 2.89 | 2.77 | 2.10 | 2.22 | 2.12 | 2.19 | 2.03 | 2.07 |
| Debt / equity | 0.75 | 0.79 | 0.61 | 0.61 | 0.62 | 0.64 | 0.80 | 0.79 | 0.81 | 0.83 | 0.87 | 0.91 |
| Equity / assets | 48.6% | 47.7% | 52.4% | 52.6% | 52.5% | 52.6% | 48.9% | 47.8% | 47.6% | 47.3% | 46.8% | 44.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 18, 2026); data from EODHD.
ESI financial position
At the end of fiscal 2025 (December 31, 2025), Element Solutions had total assets of $5.1 billion (up 4.7% from a year earlier), total liabilities of $2.4 billion and shareholders' equity of $2.7 billion. It held $626.5 million in cash and short-term investments against $1.6 billion of debt, net debt of $1.0 billion. Its current ratio was 3.68. In the latest quarter (ended June 30, 2026) total assets were $5.8 billion and equity $2.8 billion.
Related: ESI income statement, ESI cash flow statement, ESI key metrics. See the ESI stock overview for the latest quote and news.
ESI balance sheet FAQ
What are Element Solutions's total assets?
Element Solutions reported total assets of $5.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.9 billion a year earlier.
How much debt does Element Solutions have?
Element Solutions had $1.6 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.61.
How much cash does Element Solutions have?
Element Solutions held $626.5 million in cash and short-term investments at the end of fiscal 2025; with $1.6 billion of debt that is net debt of $1.0 billion.
What is Element Solutions's book value?
Element Solutions's shareholders' equity (book value) was $2.7 billion at the end of fiscal 2025, or $11.03 per share.
What is Element Solutions's current ratio?
Element Solutions had current assets of $1.6 billion and current liabilities of $429.9 million, a current ratio of 3.68 (it can cover its short-term obligations).
How much goodwill does Element Solutions have?
Element Solutions carried $2.9 billion of goodwill and intangible assets, 56.8% of total assets, at the end of fiscal 2025.