Smiths Group Balance Sheet Health
Financial Health criteria checks 6/6
Smiths Group has a total shareholder equity of £2.3B and total debt of £549.0M, which brings its debt-to-equity ratio to 24.4%. Its total assets and total liabilities are £4.2B and £2.0B respectively. Smiths Group's EBIT is £446.0M making its interest coverage ratio 11.7. It has cash and short-term investments of £459.0M.
Key information
24.4%
Debt to equity ratio
UK£549.00m
Debt
| Interest coverage ratio | 11.7x |
| Cash | UK£459.00m |
| Equity | UK£2.25b |
| Total liabilities | UK£1.98b |
| Total assets | UK£4.23b |
Recent financial health updates
Is Smiths Group (LON:SMIN) Using Too Much Debt?
Oct 31
Is Smiths Group (LON:SMIN) A Risky Investment?
Nov 19Does Smiths Group (LON:SMIN) Have A Healthy Balance Sheet?
May 04Smiths Group (LON:SMIN) Has A Pretty Healthy Balance Sheet
Dec 23Smiths Group (LON:SMIN) Has A Pretty Healthy Balance Sheet
Nov 05Is Smiths Group (LON:SMIN) Using Too Much Debt?
Jun 15Recent updates
Is Smiths Group (LON:SMIN) Using Too Much Debt?
Oct 31Smiths Group (LON:SMIN) Is Paying Out A Larger Dividend Than Last Year
Oct 11Smiths Group (LON:SMIN) Is Increasing Its Dividend To £0.302
Sep 27Smiths Group plc (LON:SMIN) Shares Could Be 36% Below Their Intrinsic Value Estimate
Jul 27Smiths Group plc's (LON:SMIN) Business Is Yet to Catch Up With Its Share Price
Jul 05Is There An Opportunity With Smiths Group plc's (LON:SMIN) 38% Undervaluation?
Apr 25The Smiths Group plc (LON:SMIN) Interim Results Are Out And Analysts Have Published New Forecasts
Mar 29We Ran A Stock Scan For Earnings Growth And Smiths Group (LON:SMIN) Passed With Ease
Mar 06Smiths Group plc's (LON:SMIN) Price Is Out Of Tune With Revenues
Jan 21Estimating The Fair Value Of Smiths Group plc (LON:SMIN)
Jan 03Is Smiths Group (LON:SMIN) A Risky Investment?
Nov 19Smiths Group's (LON:SMIN) Upcoming Dividend Will Be Larger Than Last Year's
Oct 13Do Smiths Group's (LON:SMIN) Earnings Warrant Your Attention?
Sep 28Estimating The Fair Value Of Smiths Group plc (LON:SMIN)
Sep 06Estimating The Intrinsic Value Of Smiths Group plc (LON:SMIN)
Jun 08Does Smiths Group (LON:SMIN) Have A Healthy Balance Sheet?
May 04Smiths Group (LON:SMIN) Has Announced That It Will Be Increasing Its Dividend To £0.129
Mar 28Calculating The Fair Value Of Smiths Group plc (LON:SMIN)
Jan 27Smiths Group (LON:SMIN) Has A Pretty Healthy Balance Sheet
Dec 23Smiths Group (LON:SMIN) Is Paying Out A Larger Dividend Than Last Year
Oct 14Smiths Group (LON:SMIN) Is Increasing Its Dividend To £0.273
Sep 27Here's Why Smiths Group (LON:SMIN) Has Caught The Eye Of Investors
Aug 03Smiths Group plc (LON:SMIN) Shares Could Be 24% Below Their Intrinsic Value Estimate
Jul 05Are Investors Undervaluing Smiths Group plc (LON:SMIN) By 21%?
Mar 17Is Now The Time To Put Smiths Group (LON:SMIN) On Your Watchlist?
Feb 21Smiths Group plc (LON:SMIN) Shares Could Be 47% Below Their Intrinsic Value Estimate
Dec 10Here's Why We Think Smiths Group (LON:SMIN) Is Well Worth Watching
Nov 23Smiths Group (LON:SMIN) Has A Pretty Healthy Balance Sheet
Nov 05Is Smiths Group plc (LON:SMIN) Trading At A 39% Discount?
Sep 01What Does Smiths Group plc's (LON:SMIN) Share Price Indicate?
Jul 20Is Smiths Group (LON:SMIN) Using Too Much Debt?
Jun 15Estimating The Intrinsic Value Of Smiths Group plc (LON:SMIN)
May 10What Does Smiths Group plc's (LON:SMIN) Share Price Indicate?
Apr 19Did You Miss Smiths Group's (LON:SMIN) 59% Share Price Gain?
Mar 16Smiths Group plc's (LON:SMIN) Dismal Stock Performance Reflects Weak Fundamentals
Feb 23How Much Is Smiths Group's (LON:SMIN) CEO Getting Paid?
Feb 05
Calculating The Fair Value Of Smiths Group plc (LON:SMIN)
Jan 19Did Smiths Group plc (LON:SMIN) Insiders Sell Shares?
Dec 31Financial Position Analysis
Short Term Liabilities: SMIN's short term assets (£2.0B) exceed its short term liabilities (£947.0M).
Long Term Liabilities: SMIN's short term assets (£2.0B) exceed its long term liabilities (£1.0B).
Debt to Equity History and Analysis
Debt Level: SMIN's net debt to equity ratio (4%) is considered satisfactory.
Reducing Debt: SMIN's debt to equity ratio has reduced from 63.4% to 24.4% over the past 5 years.
Debt Coverage: SMIN's debt is well covered by operating cash flow (76.1%).
Interest Coverage: SMIN's interest payments on its debt are well covered by EBIT (11.7x coverage).