How do you interpret consolidation eliminations — intercompany debt financing?

Changes indicate shifts in how the company manages internal liquidity and capital distribution between business units.

How does consolidation eliminations — intercompany debt financing compare across companies?

Standard consolidation adjustment for any multi-subsidiary firm that utilizes internal debt for capital management.

Clean Harbors CLH Consolidation Eliminations — Intercompany Debt Financing

Discontinued — last reported Q4 '17

Similar metrics at other companies

RSConsolidation Eliminations — Intercompany Borrowings Noncurrent

-$845.1M—

AMHConsolidation Eliminations — Unsecured Debt

$0—

TOLConsolidation Eliminations — Intercompany Financing Advances To From Consolidated Entities

$85.54M-89.7%

CDEConsolidation Eliminations — Debt Current

$0—

AMHConsolidation Eliminations — Secured Debt

$0—

MOHConsolidation Eliminations — Long Term Debt And Capital Lease Obligations

-$16M—

Other financials

Income statement

See full

Revenue$1.5B+1.9%

Gross profit$445.4M+8.6%

Operating income$118.9M+6.6%

Net income$63.2M+7.7%

EPS (diluted)$1.19+9.2%

Balance sheet

See full

Cash & equivalents$548.0M+12.0%

Total debt$3.0B+0.2%

Total equity$2.8B+7.9%

Total assets$7.6B+4.2%

Cash flow

See full

Operating cash flow$6.3M+292%

CapEx$98.4M-17.1%

Free cash flow-$92.1M+21.3%

Valuation

See full

Market cap$15.25B+42.9%

Enterprise value$17.75B+34.2%

P/E38.6×+11.3×

P/S2.5×+0.7×

Profitability

See full

Gross margin31.7%+1.0pp

Operating margin11.2%+0.2pp

Net margin6.5%-0.1pp

FCF margin7.7%+1.9pp

Returns & leverage

See full

Return on equity14.8%-1.2pp

Debt / equity1.1×-0.1×

Current ratio2.3×0.0×

Where this comes from

Reported directly by Clean Harbors in its filing.

Tagged under the XBRL concept clh:IntercompanyDebtFinancing.

The official record: Clean Harbors’s 10-K, filed February 28, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — intercompany debt financing mean?: The removal of internal debt balances between company subsidiaries to accurately report external leverage.
How do you interpret consolidation eliminations — intercompany debt financing?: Changes indicate shifts in how the company manages internal liquidity and capital distribution between business units.
How does consolidation eliminations — intercompany debt financing compare across companies?: Standard consolidation adjustment for any multi-subsidiary firm that utilizes internal debt for capital management.