Mohawk Industries Balance Sheet Health
Financial Health criteria checks 6/6
Mohawk Industries has a total shareholder equity of $7.7B and total debt of $2.3B, which brings its debt-to-equity ratio to 30.4%. Its total assets and total liabilities are $13.3B and $5.6B respectively. Mohawk Industries's EBIT is $871.2M making its interest coverage ratio 13.4. It has cash and short-term investments of $497.4M.
Key information
30.4%
Debt to equity ratio
US$2.32b
Debt
| Interest coverage ratio | 13.4x |
| Cash | US$497.40m |
| Equity | US$7.65b |
| Total liabilities | US$5.63b |
| Total assets | US$13.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M1HK34's short term assets ($5.6B) exceed its short term liabilities ($2.9B).
Long Term Liabilities: M1HK34's short term assets ($5.6B) exceed its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: M1HK34's net debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: M1HK34's debt to equity ratio has reduced from 39.1% to 30.4% over the past 5 years.
Debt Coverage: M1HK34's debt is well covered by operating cash flow (52.7%).
Interest Coverage: M1HK34's interest payments on its debt are well covered by EBIT (13.4x coverage).