Fortive Balance Sheet Health
Financial Health criteria checks 5/6
Fortive has a total shareholder equity of $10.5B and total debt of $3.9B, which brings its debt-to-equity ratio to 37.6%. Its total assets and total liabilities are $17.5B and $7.0B respectively. Fortive's EBIT is $1.1B making its interest coverage ratio 8.3. It has cash and short-term investments of $704.6M.
Key information
37.6%
Debt to equity ratio
US$3.94b
Debt
Interest coverage ratio | 8.3x |
Cash | US$704.60m |
Equity | US$10.48b |
Total liabilities | US$7.04b |
Total assets | US$17.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: F03's short term assets ($2.6B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: F03's short term assets ($2.6B) do not cover its long term liabilities ($5.3B).
Debt to Equity History and Analysis
Debt Level: F03's net debt to equity ratio (30.9%) is considered satisfactory.
Reducing Debt: F03's debt to equity ratio has reduced from 84.3% to 37.6% over the past 5 years.
Debt Coverage: F03's debt is well covered by operating cash flow (36.4%).
Interest Coverage: F03's interest payments on its debt are well covered by EBIT (8.3x coverage).