Illinois Tool Works Balance Sheet Health
Financial Health criteria checks 3/6
Illinois Tool Works has a total shareholder equity of $3.0B and total debt of $8.3B, which brings its debt-to-equity ratio to 275.6%. Its total assets and total liabilities are $15.7B and $12.6B respectively. Illinois Tool Works's EBIT is $4.2B making its interest coverage ratio 18.7. It has cash and short-term investments of $959.0M.
Key information
275.6%
Debt to equity ratio
US$8.33b
Debt
Interest coverage ratio | 18.7x |
Cash | US$959.00m |
Equity | US$3.02b |
Total liabilities | US$12.63b |
Total assets | US$15.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: I1TW34's short term assets ($6.4B) exceed its short term liabilities ($4.8B).
Long Term Liabilities: I1TW34's short term assets ($6.4B) do not cover its long term liabilities ($7.8B).
Debt to Equity History and Analysis
Debt Level: I1TW34's net debt to equity ratio (243.8%) is considered high.
Reducing Debt: I1TW34's debt to equity ratio has increased from 241.9% to 275.6% over the past 5 years.
Debt Coverage: I1TW34's debt is well covered by operating cash flow (40.8%).
Interest Coverage: I1TW34's interest payments on its debt are well covered by EBIT (18.7x coverage).