Cintas Balance Sheet Health
Financial Health criteria checks 4/6
Cintas has a total shareholder equity of $4.2B and total debt of $2.5B, which brings its debt-to-equity ratio to 58.5%. Its total assets and total liabilities are $9.0B and $4.7B respectively. Cintas's EBIT is $2.0B making its interest coverage ratio 20. It has cash and short-term investments of $128.5M.
Key information
58.5%
Debt to equity ratio
US$2.47b
Debt
Interest coverage ratio | 20x |
Cash | US$128.48m |
Equity | US$4.23b |
Total liabilities | US$4.74b |
Total assets | US$8.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTAS's short term assets ($3.0B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: CTAS's short term assets ($3.0B) do not cover its long term liabilities ($3.5B).
Debt to Equity History and Analysis
Debt Level: CTAS's net debt to equity ratio (55.4%) is considered high.
Reducing Debt: CTAS's debt to equity ratio has reduced from 86.9% to 58.5% over the past 5 years.
Debt Coverage: CTAS's debt is well covered by operating cash flow (78.4%).
Interest Coverage: CTAS's interest payments on its debt are well covered by EBIT (20x coverage).