International Business Machines Balance Sheet Health
Financial Health criteria checks 3/6
International Business Machines has a total shareholder equity of $22.3B and total debt of $57.2B, which brings its debt-to-equity ratio to 256.9%. Its total assets and total liabilities are $132.2B and $109.9B respectively. International Business Machines's EBIT is $8.5B making its interest coverage ratio 9.4. It has cash and short-term investments of $16.3B.
Key information
256.9%
Debt to equity ratio
US$57.21b
Debt
Interest coverage ratio | 9.4x |
Cash | US$16.30b |
Equity | US$22.27b |
Total liabilities | US$109.94b |
Total assets | US$132.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IBMA's short term assets ($34.5B) exceed its short term liabilities ($32.5B).
Long Term Liabilities: IBMA's short term assets ($34.5B) do not cover its long term liabilities ($77.4B).
Debt to Equity History and Analysis
Debt Level: IBMA's net debt to equity ratio (183.7%) is considered high.
Reducing Debt: IBMA's debt to equity ratio has increased from 244.4% to 256.9% over the past 5 years.
Debt Coverage: IBMA's debt is well covered by operating cash flow (21.5%).
Interest Coverage: IBMA's interest payments on its debt are well covered by EBIT (9.4x coverage).