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 $3.5B, which brings its debt-to-equity ratio to 66.7%. Its total assets and total liabilities are $10.5B and $5.3B respectively. Smith & Nephew's EBIT is $735.0M making its interest coverage ratio 6.4. It has cash and short-term investments of $568.0M.
Key information
66.7%
Debt to equity ratio
US$3.47b
Debt
| Interest coverage ratio | 6.4x |
| Cash | US$568.00m |
| Equity | US$5.21b |
| Total liabilities | US$5.34b |
| Total assets | US$10.54b |
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 11Recent updates
Investors Still Waiting For A Pull Back In Smith & Nephew plc (LON:SN.)
Oct 31Some Investors May Be Worried About Smith & Nephew's (LON:SN.) Returns On Capital
Sep 25Statutory Profit Doesn't Reflect How Good Smith & Nephew's (LON:SN.) Earnings Are
Aug 08Smith & Nephew (LON:SN.) Will Be Hoping To Turn Its Returns On Capital Around
Jun 16Smith & 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 26Financial Position Analysis
Short Term Liabilities: SN.'s short term assets ($4.5B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: SN.'s short term assets ($4.5B) exceed its long term liabilities ($3.6B).
Debt to Equity History and Analysis
Debt Level: SN.'s net debt to equity ratio (55.8%) is considered high.
Reducing Debt: SN.'s debt to equity ratio has increased from 40.7% to 66.7% 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 (6.4x coverage).