Cintas Balance Sheet Health
Financial Health criteria checks 4/6
Cintas has a total shareholder equity of $4.0B and total debt of $2.6B, which brings its debt-to-equity ratio to 65.7%. Its total assets and total liabilities are $9.1B and $5.0B respectively. Cintas's EBIT is $2.1B making its interest coverage ratio 22.4. It has cash and short-term investments of $101.4M.
Key information
65.7%
Debt to equity ratio
US$2.64b
Debt
| Interest coverage ratio | 22.4x |
| Cash | US$101.37m |
| Equity | US$4.02b |
| Total liabilities | US$5.05b |
| Total assets | US$9.07b |
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 ($2.0B).
Long Term Liabilities: CTAS's short term assets ($3.0B) do not cover its long term liabilities ($3.1B).
Debt to Equity History and Analysis
Debt Level: CTAS's net debt to equity ratio (63.2%) is considered high.
Reducing Debt: CTAS's debt to equity ratio has reduced from 94.3% to 65.7% over the past 5 years.
Debt Coverage: CTAS's debt is well covered by operating cash flow (83.6%).
Interest Coverage: CTAS's interest payments on its debt are well covered by EBIT (22.4x coverage).