Smith & Nephew Balance Sheet Health
Financial Health criteria checks 3/6
Smith & Nephew has a total shareholder equity of $5.2B and total debt of $2.8B, which brings its debt-to-equity ratio to 54.4%. Its total assets and total liabilities are $9.8B and $4.6B respectively. Smith & Nephew's EBIT is $698.0M making its interest coverage ratio 8.9. It has cash and short-term investments of $190.0M.
Key information
54.4%
Debt to equity ratio
US$2.85b
Debt
| Interest coverage ratio | 8.9x |
| Cash | US$190.00m |
| Equity | US$5.23b |
| Total liabilities | US$4.61b |
| Total assets | US$9.84b |
Recent financial health updates
Smith & Nephew (LON:SN.) Has A Pretty Healthy Balance Sheet
Aug 19
Smith & Nephew (LON:SN.) Seems To Use Debt Quite Sensibly
May 09We Think Smith & Nephew (LON:SN.) Can Stay On Top Of Its Debt
Nov 21These 4 Measures Indicate That Smith & Nephew (LON:SN.) Is Using Debt Reasonably Well
Aug 11These 4 Measures Indicate That Smith & Nephew (LON:SN.) Is Using Debt Safely
Mar 26Smith & Nephew (LON:SN.) Could Easily Take On More Debt
Oct 09Recent updates
Smith & Nephew plc's (LON:SN.) Intrinsic Value Is Potentially 65% Above Its Share Price
Sep 11Smith & Nephew (LON:SN.) Has A Pretty Healthy Balance Sheet
Aug 19Investors Could Be Concerned With Smith & Nephew's (LON:SN.) Returns On Capital
Jul 17Smith & Nephew plc (LON:SN.) Shares Could Be 22% Below Their Intrinsic Value Estimate
Jun 11Smith & Nephew (LON:SN.) Seems To Use Debt Quite Sensibly
May 09Smith & Nephew (LON:SN.) Will Want To Turn Around Its Return Trends
Apr 09Calculating The Intrinsic Value Of Smith & Nephew plc (LON:SN.)
Feb 09We Think Smith & Nephew (LON:SN.) Can Stay On Top Of Its Debt
Nov 21Returns On Capital Signal Tricky Times Ahead For Smith & Nephew (LON:SN.)
Nov 08Smith & Nephew plc's (LON:SN.) Intrinsic Value Is Potentially 99% Above Its Share Price
Oct 26These 4 Measures Indicate That Smith & Nephew (LON:SN.) Is Using Debt Reasonably Well
Aug 11There Are Reasons To Feel Uneasy About Smith & Nephew's (LON:SN.) Returns On Capital
Jul 28Smith & Nephew plc's (LON:SN.) Intrinsic Value Is Potentially 58% Above Its Share Price
Jun 26Some Investors May Be Worried About Smith & Nephew's (LON:SN.) Returns On Capital
Apr 29These 4 Measures Indicate That Smith & Nephew (LON:SN.) Is Using Debt Safely
Mar 26Earnings Beat: Smith & Nephew plc Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Feb 24Smith & Nephew's (LON:SN.) Returns On Capital Not Reflecting Well On The Business
Jan 25Are Investors Undervaluing Smith & Nephew plc (LON:SN.) By 30%?
Dec 02Smith & Nephew (LON:SN.) Might Be Having Difficulty Using Its Capital Effectively
Oct 23Smith & Nephew (LON:SN.) Could Easily Take On More Debt
Oct 09A Look At The Intrinsic Value Of Smith & Nephew plc (LON:SN.)
Aug 22Be Wary Of Smith & Nephew (LON:SN.) And Its Returns On Capital
Jun 09Smith & Nephew (LON:SN.) Has A Pretty Healthy Balance Sheet
May 25A Look At The Intrinsic Value Of Smith & Nephew plc (LON:SN.)
May 10Financial Position Analysis
Short Term Liabilities: SN.'s short term assets ($3.9B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: SN.'s short term assets ($3.9B) exceed its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: SN.'s net debt to equity ratio (50.8%) is considered high.
Reducing Debt: SN.'s debt to equity ratio has increased from 30% to 54.4% over the past 5 years.
Debt Coverage: SN.'s debt is not well covered by operating cash flow (13.1%).
Interest Coverage: SN.'s interest payments on its debt are well covered by EBIT (8.9x coverage).