Smith & Nephew plc

LSE:SN. Stock Report

Market Cap: UK£10.8b

Smith & Nephew Balance Sheet Health

Financial Health criteria checks 4/6

Smith & Nephew has a total shareholder equity of $5.5B and total debt of $3.2B, which brings its debt-to-equity ratio to 58.6%. Its total assets and total liabilities are $10.7B and $5.2B respectively. Smith & Nephew's EBIT is $987.0M making its interest coverage ratio 8.7. It has cash and short-term investments of $676.0M.

Key information

58.63%

Debt to equity ratio

US$3.25b

Debt

Interest coverage ratio8.7x
CashUS$676.00m
EquityUS$5.54b
Total liabilitiesUS$5.16b
Total assetsUS$10.69b

Recent financial health updates

Is Smith & Nephew (LON:SN.) A Risky Investment?

Sep 30
Is Smith & Nephew (LON:SN.) A Risky Investment?

We Think Smith & Nephew (LON:SN.) Can Stay On Top Of Its Debt

May 09
We Think Smith & Nephew (LON:SN.) Can Stay On Top Of Its Debt

Does Smith & Nephew (LON:SN.) Have A Healthy Balance Sheet?

Dec 15
Does Smith & Nephew (LON:SN.) Have A Healthy Balance Sheet?

Recent updates

Do Smith & Nephew's (LON:SN.) Earnings Warrant Your Attention?

Oct 14
Do Smith & Nephew's (LON:SN.) Earnings Warrant Your Attention?

Is Smith & Nephew (LON:SN.) A Risky Investment?

Sep 30
Is Smith & Nephew (LON:SN.) A Risky Investment?

We Like These Underlying Return On Capital Trends At Smith & Nephew (LON:SN.)

Aug 28
We Like These Underlying Return On Capital Trends At Smith & Nephew (LON:SN.)

We Think Smith & Nephew's (LON:SN.) Robust Earnings Are Conservative

Aug 12
We Think Smith & Nephew's (LON:SN.) Robust Earnings Are Conservative

Smith & Nephew plc Just Beat EPS By 26%: Here's What Analysts Think Will Happen Next

Aug 08
Smith & Nephew plc Just Beat EPS By 26%: Here's What Analysts Think Will Happen Next

Estimating The Fair Value Of Smith & Nephew plc (LON:SN.)

Aug 04
Estimating The Fair Value Of Smith & Nephew plc (LON:SN.)

Smith & Nephew plc's (LON:SN.) Popularity With Investors Is Clear

Jun 27
Smith & Nephew plc's (LON:SN.) Popularity With Investors Is Clear

Smith & Nephew (LON:SN.) Is Finding It Tricky To Allocate Its Capital

May 24
Smith & Nephew (LON:SN.) Is Finding It Tricky To Allocate Its Capital

We Think Smith & Nephew (LON:SN.) Can Stay On Top Of Its Debt

May 09
We Think Smith & Nephew (LON:SN.) Can Stay On Top Of Its Debt

Are Investors Undervaluing Smith & Nephew plc (LON:SN.) By 21%?

Apr 24
Are Investors Undervaluing Smith & Nephew plc (LON:SN.) By 21%?
User avatar

Restructuring Will Improve Operating Efficiency By 2025

Strategic restructuring and innovative platforms like CORI and REGENETEN are enhancing revenue growth and operational efficiency, impacting margins positively as macroeconomic conditions stabilize.

Shareholders Should Be Pleased With Smith & Nephew plc's (LON:SN.) Price

Mar 14
Shareholders Should Be Pleased With Smith & Nephew plc's (LON:SN.) Price

Smith & Nephew plc's (LON:SN.) Intrinsic Value Is Potentially 67% Above Its Share Price

Jan 03
Smith & Nephew plc's (LON:SN.) Intrinsic Value Is Potentially 67% Above Its Share Price

Does Smith & Nephew (LON:SN.) Have A Healthy Balance Sheet?

Dec 15
Does Smith & Nephew (LON:SN.) Have A Healthy Balance Sheet?

Financial Position Analysis

Short Term Liabilities: SN.'s short term assets ($4.6B) exceed its short term liabilities ($1.5B).

Long Term Liabilities: SN.'s short term assets ($4.6B) exceed its long term liabilities ($3.6B).

Debt to Equity History and Analysis

Debt Level: SN.'s net debt to equity ratio (46.4%) is considered high.

Reducing Debt: SN.'s debt to equity ratio has increased from 49.4% to 58.6% over the past 5 years.

Debt Coverage: SN.'s debt is well covered by operating cash flow (35.3%).

Interest Coverage: SN.'s interest payments on its debt are well covered by EBIT (8.7x coverage).

Balance Sheet

Discover healthy companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/10 04:38
End of Day Share Price 2025/11/10 00:00
Earnings2025/06/28
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Smith & Nephew plc is covered by 40 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sally TaylorBarclays
Hassan Al-WakeelBarclays
Samuel EnglandBerenberg