Illinois Tool Works Balance Sheet Health
Financial Health criteria checks 4/6
Illinois Tool Works has a total shareholder equity of $3.4B and total debt of $8.3B, which brings its debt-to-equity ratio to 246%. Its total assets and total liabilities are $15.8B and $12.4B respectively. Illinois Tool Works's EBIT is $4.3B making its interest coverage ratio 18.2. It has cash and short-term investments of $947.0M.
Key information
246.0%
Debt to equity ratio
US$8.35b
Debt
| Interest coverage ratio | 18.2x |
| Cash | US$947.00m |
| Equity | US$3.39b |
| Total liabilities | US$12.43b |
| Total assets | US$15.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0J8W's short term assets ($6.3B) exceed its short term liabilities ($4.6B).
Long Term Liabilities: 0J8W's short term assets ($6.3B) do not cover its long term liabilities ($7.8B).
Debt to Equity History and Analysis
Debt Level: 0J8W's net debt to equity ratio (218.1%) is considered high.
Reducing Debt: 0J8W's debt to equity ratio has reduced from 257.3% to 246% over the past 5 years.
Debt Coverage: 0J8W's debt is well covered by operating cash flow (38.4%).
Interest Coverage: 0J8W's interest payments on its debt are well covered by EBIT (18.2x coverage).