Smith & Nephew Balance Sheet Health
Financial Health criteria checks 4/6
Smith & Nephew has a total shareholder equity of $5.2B and total debt of $2.9B, which brings its debt-to-equity ratio to 55.3%. Its total assets and total liabilities are $10.0B and $4.8B respectively. Smith & Nephew's EBIT is $682.0M making its interest coverage ratio 7. It has cash and short-term investments of $302.0M.
Key information
55.3%
Debt to equity ratio
US$2.89b
Debt
| Interest coverage ratio | 7x |
| Cash | US$302.00m |
| Equity | US$5.22b |
| Total liabilities | US$4.77b |
| Total assets | US$9.99b |
Recent financial health updates
Is Smith & Nephew (LON:SN.) Using Too Much Debt?
Nov 30
Smith & Nephew (LON:SN.) Has A Pretty Healthy Balance Sheet
Aug 19Smith & 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 26Recent updates
Smith & Nephew plc (LON:SN.) Not Flying Under The Radar
Apr 16Is Smith & Nephew plc (LON:SN.) Trading At A 30% Discount?
Mar 16Capital Allocation Trends At Smith & Nephew (LON:SN.) Aren't Ideal
Feb 21Is Smith & Nephew plc (LON:SN.) Trading At A 36% Discount?
Dec 15Is Smith & Nephew (LON:SN.) Using Too Much Debt?
Nov 30Smith & Nephew (LON:SN.) Could Be Struggling To Allocate Capital
Oct 29Smith & 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 02Financial Position Analysis
Short Term Liabilities: SN.'s short term assets ($4.0B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: SN.'s short term assets ($4.0B) exceed its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: SN.'s net debt to equity ratio (49.5%) is considered high.
Reducing Debt: SN.'s debt to equity ratio has increased from 30.1% to 55.3% over the past 5 years.
Debt Coverage: SN.'s debt is well covered by operating cash flow (21.1%).
Interest Coverage: SN.'s interest payments on its debt are well covered by EBIT (7x coverage).