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Shares of Omnova Solutions Rank the Highest in Terms of Debt to Asset Ratio in the Specialty Chemicals Industry (OMN, AXTA, FUL, KRA, PAH)

By James Quinn

Below are the three companies in the Specialty Chemicals industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Omnova Solutions ranks highest with a a debt to asset ratio of 57.77. Following is Axalta Coating S with a a debt to asset ratio of 57.31. Hb Fuller Co ranks third highest with a a debt to asset ratio of 56.23.

Kraton Corp follows with a a debt to asset ratio of 55.16, and Platform Special rounds out the top five with a a debt to asset ratio of 53.45.

SmarTrend recommended that subscribers consider buying shares of Omnova Solutions on June 27th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $6.42. Since that recommendation, shares of Omnova Solutions have risen 56.9%. We continue to monitor Omnova Solutions for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to asset ratio omnova solutions axalta coating s hb fuller co kraton corp platform special