Timken Balance Sheet Health
Financial Health criteria checks 5/6
Timken has a total shareholder equity of $2.7B and total debt of $2.4B, which brings its debt-to-equity ratio to 88.3%. Its total assets and total liabilities are $6.5B and $3.8B respectively. Timken's EBIT is $705.3M making its interest coverage ratio 7. It has cash and short-term investments of $450.5M.
Key information
88.3%
Debt to equity ratio
US$2.39b
Debt
Interest coverage ratio | 7x |
Cash | US$450.50m |
Equity | US$2.70b |
Total liabilities | US$3.84b |
Total assets | US$6.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TKH's short term assets ($2.6B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: TKH's short term assets ($2.6B) exceed its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: TKH's net debt to equity ratio (71.7%) is considered high.
Reducing Debt: TKH's debt to equity ratio has reduced from 102.4% to 88.3% over the past 5 years.
Debt Coverage: TKH's debt is well covered by operating cash flow (22.8%).
Interest Coverage: TKH's interest payments on its debt are well covered by EBIT (7x coverage).