Mohawk Industries Balance Sheet Health
Financial Health criteria checks 6/6
Mohawk Industries has a total shareholder equity of $7.6B and total debt of $2.5B, which brings its debt-to-equity ratio to 33.2%. Its total assets and total liabilities are $13.5B and $5.9B respectively. Mohawk Industries's EBIT is $810.4M making its interest coverage ratio 10.8. It has cash and short-term investments of $658.5M.
Key information
33.2%
Debt to equity ratio
US$2.54b
Debt
Interest coverage ratio | 10.8x |
Cash | US$658.50m |
Equity | US$7.65b |
Total liabilities | US$5.88b |
Total assets | US$13.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MWK's short term assets ($5.7B) exceed its short term liabilities ($3.1B).
Long Term Liabilities: MWK's short term assets ($5.7B) exceed its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: MWK's net debt to equity ratio (24.6%) is considered satisfactory.
Reducing Debt: MWK's debt to equity ratio has reduced from 43% to 33.2% over the past 5 years.
Debt Coverage: MWK's debt is well covered by operating cash flow (49.4%).
Interest Coverage: MWK's interest payments on its debt are well covered by EBIT (10.8x coverage).