Fortive Balance Sheet Health
Financial Health criteria checks 5/6
Fortive has a total shareholder equity of $10.6B and total debt of $3.9B, which brings its debt-to-equity ratio to 36.5%. Its total assets and total liabilities are $17.5B and $6.9B respectively. Fortive's EBIT is $1.2B making its interest coverage ratio 7.9. It has cash and short-term investments of $811.3M.
Key information
36.5%
Debt to equity ratio
US$3.86b
Debt
| Interest coverage ratio | 7.9x |
| Cash | US$811.30m |
| Equity | US$10.56b |
| Total liabilities | US$6.89b |
| Total assets | US$17.45b |
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 ($2.1B).
Long Term Liabilities: F03's short term assets ($2.6B) do not cover its long term liabilities ($4.8B).
Debt to Equity History and Analysis
Debt Level: F03's net debt to equity ratio (28.9%) is considered satisfactory.
Reducing Debt: F03's debt to equity ratio has reduced from 84% to 36.5% over the past 5 years.
Debt Coverage: F03's debt is well covered by operating cash flow (38.1%).
Interest Coverage: F03's interest payments on its debt are well covered by EBIT (7.9x coverage).