Ingersoll Rand Balance Sheet Health
Financial Health criteria checks 6/6
Ingersoll Rand has a total shareholder equity of $9.8B and total debt of $2.7B, which brings its debt-to-equity ratio to 27.7%. Its total assets and total liabilities are $15.6B and $5.7B respectively. Ingersoll Rand's EBIT is $1.2B making its interest coverage ratio 7.4. It has cash and short-term investments of $1.6B.
Key information
27.7%
Debt to equity ratio
US$2.72b
Debt
Interest coverage ratio | 7.4x |
Cash | US$1.60b |
Equity | US$9.85b |
Total liabilities | US$5.72b |
Total assets | US$15.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: I2RS34's short term assets ($4.1B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: I2RS34's short term assets ($4.1B) exceed its long term liabilities ($3.9B).
Debt to Equity History and Analysis
Debt Level: I2RS34's net debt to equity ratio (11.5%) is considered satisfactory.
Reducing Debt: I2RS34's debt to equity ratio has reduced from 98.7% to 27.7% over the past 5 years.
Debt Coverage: I2RS34's debt is well covered by operating cash flow (50.6%).
Interest Coverage: I2RS34's interest payments on its debt are well covered by EBIT (7.4x coverage).