Resideo Technologies Balance Sheet Health
Financial Health criteria checks 3/6
Resideo Technologies has a total shareholder equity of $2.4B and total debt of $1.4B, which brings its debt-to-equity ratio to 59.1%. Its total assets and total liabilities are $6.3B and $3.9B respectively. Resideo Technologies's EBIT is $674.0M making its interest coverage ratio 13.2. It has cash and short-term investments of $270.0M.
Key information
59.1%
Debt to equity ratio
US$1.42b
Debt
Interest coverage ratio | 13.2x |
Cash | US$270.00m |
Equity | US$2.40b |
Total liabilities | US$3.86b |
Total assets | US$6.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3RT's short term assets ($2.5B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: 3RT's short term assets ($2.5B) exceed its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: 3RT's net debt to equity ratio (47.9%) is considered high.
Reducing Debt: 3RT's debt to equity ratio has increased from 0.03% to 59.1% over the past 5 years.
Debt Coverage: 3RT's debt is not well covered by operating cash flow (8.8%).
Interest Coverage: 3RT's interest payments on its debt are well covered by EBIT (13.2x coverage).