Timken Balance Sheet Health
Financial Health criteria checks 3/6
Timken has a total shareholder equity of $3.1B and total debt of $2.2B, which brings its debt-to-equity ratio to 72.2%. Its total assets and total liabilities are $6.8B and $3.7B respectively. Timken's EBIT is $582.1M making its interest coverage ratio 5.1. It has cash and short-term investments of $412.7M.
Key information
72.2%
Debt to equity ratio
US$2.23b
Debt
| Interest coverage ratio | 5.1x |
| Cash | US$412.70m |
| Equity | US$3.09b |
| Total liabilities | US$3.68b |
| Total assets | US$6.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TKH's short term assets ($2.7B) exceed its short term liabilities ($910.3M).
Long Term Liabilities: TKH's short term assets ($2.7B) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: TKH's net debt to equity ratio (58.8%) is considered high.
Reducing Debt: TKH's debt to equity ratio has reduced from 90.6% to 72.2% over the past 5 years.
Debt Coverage: TKH's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: TKH's interest payments on its debt are well covered by EBIT (5.1x coverage).