Illinois Tool Works Balance Sheet Health
Financial Health criteria checks 3/6
Illinois Tool Works has a total shareholder equity of $3.0B and total debt of $8.2B, which brings its debt-to-equity ratio to 271%. Its total assets and total liabilities are $15.5B and $12.5B respectively. Illinois Tool Works's EBIT is $4.1B making its interest coverage ratio 18.9. It has cash and short-term investments of $1.1B.
Key information
271.0%
Debt to equity ratio
US$8.16b
Debt
Interest coverage ratio | 18.9x |
Cash | US$1.07b |
Equity | US$3.01b |
Total liabilities | US$12.51b |
Total assets | US$15.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ILT's short term assets ($6.2B) exceed its short term liabilities ($4.7B).
Long Term Liabilities: ILT's short term assets ($6.2B) do not cover its long term liabilities ($7.8B).
Debt to Equity History and Analysis
Debt Level: ILT's net debt to equity ratio (235.6%) is considered high.
Reducing Debt: ILT's debt to equity ratio has increased from 226.5% to 271% over the past 5 years.
Debt Coverage: ILT's debt is well covered by operating cash flow (43.3%).
Interest Coverage: ILT's interest payments on its debt are well covered by EBIT (18.9x coverage).