Smiths Group Balance Sheet Health
Financial Health criteria checks 6/6
Smiths Group has a total shareholder equity of £2.3B and total debt of £560.0M, which brings its debt-to-equity ratio to 24.4%. Its total assets and total liabilities are £4.3B and £2.0B respectively. Smiths Group's EBIT is £466.0M making its interest coverage ratio 14.1. It has cash and short-term investments of £392.0M.
Key information
24.40%
Debt to equity ratio
UK£560.00m
Debt
| Interest coverage ratio | 14.1x |
| Cash | UK£392.00m |
| Equity | UK£2.30b |
| Total liabilities | UK£2.00b |
| Total assets | UK£4.29b |
Recent financial health updates
Here's Why Smiths Group (LON:SMIN) Can Manage Its Debt Responsibly
Jul 09
Smiths Group (LON:SMIN) Has A Pretty Healthy Balance Sheet
Mar 27Is Smiths Group (LON:SMIN) Using Too Much Debt?
Oct 31Recent updates
Smiths Group plc's (LON:SMIN) Price Is Out Of Tune With Earnings
Jul 25Here's Why Smiths Group (LON:SMIN) Can Manage Its Debt Responsibly
Jul 09Here's Why Smiths Group (LON:SMIN) Has Caught The Eye Of Investors
Jun 21An Intrinsic Calculation For Smiths Group plc (LON:SMIN) Suggests It's 37% Undervalued
May 17Smiths Group's (LON:SMIN) Dividend Will Be £0.1423
Mar 28Smiths Group (LON:SMIN) Has A Pretty Healthy Balance Sheet
Mar 27Is Now The Time To Put Smiths Group (LON:SMIN) On Your Watchlist?
Mar 05Smiths Group plc's (LON:SMIN) Intrinsic Value Is Potentially 66% Above Its Share Price
Feb 12
Aerospace Demand And Process Improvements Will Boost Future Margins
Investments in process improvements and innovations, alongside acquisitions, are expected to drive long-term revenue growth and operational efficiencies, enhancing margins.Smiths Group plc's (LON:SMIN) P/E Is On The Mark
Jan 06With EPS Growth And More, Smiths Group (LON:SMIN) Makes An Interesting Case
Dec 03Is Smiths Group (LON:SMIN) Using Too Much Debt?
Oct 31Smiths Group (LON:SMIN) Is Paying Out A Larger Dividend Than Last Year
Oct 11Smiths Group (LON:SMIN) Is Increasing Its Dividend To £0.302
Sep 27Financial Position Analysis
Short Term Liabilities: SMIN's short term assets (£1.9B) exceed its short term liabilities (£959.0M).
Long Term Liabilities: SMIN's short term assets (£1.9B) exceed its long term liabilities (£1.0B).
Debt to Equity History and Analysis
Debt Level: SMIN's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: SMIN's debt to equity ratio has reduced from 62.7% to 24.4% over the past 5 years.
Debt Coverage: SMIN's debt is well covered by operating cash flow (81.3%).
Interest Coverage: SMIN's interest payments on its debt are well covered by EBIT (14.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/08/12 04:50 |
| End of Day Share Price | 2025/08/12 00:00 |
| Earnings | 2025/01/31 |
| Annual Earnings | 2024/07/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Smiths Group plc is covered by 44 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Larkam | Arden Partners Plc. |
| Jonathan Hurn | Barclays |
| Nick Webster | Barclays |