Eaton Balance Sheet Health
Financial Health criteria checks 6/6
Eaton has a total shareholder equity of $19.2B and total debt of $9.4B, which brings its debt-to-equity ratio to 49%. Its total assets and total liabilities are $39.2B and $20.1B respectively. Eaton's EBIT is $4.5B making its interest coverage ratio 34.9. It has cash and short-term investments of $2.0B.
Key information
49.0%
Debt to equity ratio
US$9.40b
Debt
| Interest coverage ratio | 34.9x |
| Cash | US$1.99b |
| Equity | US$19.16b |
| Total liabilities | US$20.07b |
| Total assets | US$39.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3EC's short term assets ($12.2B) exceed its short term liabilities ($7.9B).
Long Term Liabilities: 3EC's short term assets ($12.2B) exceed its long term liabilities ($12.1B).
Debt to Equity History and Analysis
Debt Level: 3EC's net debt to equity ratio (38.6%) is considered satisfactory.
Reducing Debt: 3EC's debt to equity ratio has reduced from 50.8% to 49% over the past 5 years.
Debt Coverage: 3EC's debt is well covered by operating cash flow (42.9%).
Interest Coverage: 3EC's interest payments on its debt are well covered by EBIT (34.9x coverage).