Textron Balance Sheet Health
Financial Health criteria checks 6/6
Textron has a total shareholder equity of $6.9B and total debt of $3.5B, which brings its debt-to-equity ratio to 50.7%. Its total assets and total liabilities are $16.4B and $9.5B respectively. Textron's EBIT is $1.3B making its interest coverage ratio 21.6. It has cash and short-term investments of $1.4B.
Key information
50.7%
Debt to equity ratio
US$3.52b
Debt
Interest coverage ratio | 21.6x |
Cash | US$1.39b |
Equity | US$6.93b |
Total liabilities | US$9.48b |
Total assets | US$16.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0LF0's short term assets ($8.0B) exceed its short term liabilities ($4.4B).
Long Term Liabilities: 0LF0's short term assets ($8.0B) exceed its long term liabilities ($5.1B).
Debt to Equity History and Analysis
Debt Level: 0LF0's net debt to equity ratio (30.7%) is considered satisfactory.
Reducing Debt: 0LF0's debt to equity ratio has reduced from 72.6% to 50.7% over the past 5 years.
Debt Coverage: 0LF0's debt is well covered by operating cash flow (31.2%).
Interest Coverage: 0LF0's interest payments on its debt are well covered by EBIT (21.6x coverage).