Eaton Balance Sheet Health
Financial Health criteria checks 5/6
Eaton has a total shareholder equity of $19.1B and total debt of $9.2B, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are $38.4B and $19.4B respectively. Eaton's EBIT is $3.9B making its interest coverage ratio 18.9. It has cash and short-term investments of $2.6B.
Key information
48.4%
Debt to equity ratio
US$9.24b
Debt
Interest coverage ratio | 18.9x |
Cash | US$2.61b |
Equity | US$19.07b |
Total liabilities | US$19.36b |
Total assets | US$38.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: E1TN34's short term assets ($11.7B) exceed its short term liabilities ($7.7B).
Long Term Liabilities: E1TN34's short term assets ($11.7B) exceed its long term liabilities ($11.6B).
Debt to Equity History and Analysis
Debt Level: E1TN34's net debt to equity ratio (34.8%) is considered satisfactory.
Reducing Debt: E1TN34's debt to equity ratio has increased from 46.8% to 48.4% over the past 5 years.
Debt Coverage: E1TN34's debt is well covered by operating cash flow (39.2%).
Interest Coverage: E1TN34's interest payments on its debt are well covered by EBIT (18.9x coverage).