Smiths Group Balance Sheet Health
Financial Health criteria checks 6/6
Smiths Group has a total shareholder equity of £2.1B and total debt of £560.0M, which brings its debt-to-equity ratio to 26.3%. Its total assets and total liabilities are £4.1B and £1.9B respectively. Smiths Group's EBIT is £445.0M making its interest coverage ratio 9.3. It has cash and short-term investments of £180.0M.
Key information
26.3%
Debt to equity ratio
UK£560.00m
Debt
Interest coverage ratio | 9.3x |
Cash | UK£180.00m |
Equity | UK£2.13b |
Total liabilities | UK£1.94b |
Total assets | UK£4.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QS2's short term assets (£1.7B) exceed its short term liabilities (£869.0M).
Long Term Liabilities: QS2's short term assets (£1.7B) exceed its long term liabilities (£1.1B).
Debt to Equity History and Analysis
Debt Level: QS2's net debt to equity ratio (17.9%) is considered satisfactory.
Reducing Debt: QS2's debt to equity ratio has reduced from 65.4% to 26.3% over the past 5 years.
Debt Coverage: QS2's debt is well covered by operating cash flow (64.5%).
Interest Coverage: QS2's interest payments on its debt are well covered by EBIT (9.3x coverage).