Textron Balance Sheet Health
Financial Health criteria checks 6/6
Textron has a total shareholder equity of $7.0B and total debt of $3.5B, which brings its debt-to-equity ratio to 50.2%. Its total assets and total liabilities are $16.5B and $9.5B respectively. Textron's EBIT is $1.3B making its interest coverage ratio 18. It has cash and short-term investments of $1.3B.
Key information
50.2%
Debt to equity ratio
US$3.49b
Debt
| Interest coverage ratio | 18x |
| Cash | US$1.29b |
| Equity | US$6.95b |
| Total liabilities | US$9.50b |
| Total assets | US$16.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T1XT34's short term assets ($8.0B) exceed its short term liabilities ($4.4B).
Long Term Liabilities: T1XT34's short term assets ($8.0B) exceed its long term liabilities ($5.1B).
Debt to Equity History and Analysis
Debt Level: T1XT34's net debt to equity ratio (31.7%) is considered satisfactory.
Reducing Debt: T1XT34's debt to equity ratio has reduced from 75% to 50.2% over the past 5 years.
Debt Coverage: T1XT34's debt is well covered by operating cash flow (32%).
Interest Coverage: T1XT34's interest payments on its debt are well covered by EBIT (18x coverage).