Scotts Miracle-Gro Balance Sheet Health
Financial Health criteria checks 1/6
Scotts Miracle-Gro has a total shareholder equity of $-250.9M and total debt of $2.8B, which brings its debt-to-equity ratio to -1123.3%. Its total assets and total liabilities are $3.9B and $4.2B respectively. Scotts Miracle-Gro's EBIT is $366.8M making its interest coverage ratio 2.2. It has cash and short-term investments of $65.1M.
Key information
-1,123.3%
Debt to equity ratio
US$2.82b
Debt
Interest coverage ratio | 2.2x |
Cash | US$65.10m |
Equity | -US$250.90m |
Total liabilities | US$4.18b |
Total assets | US$3.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0L45 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 0L45 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 0L45 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 0L45's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 0L45's debt is well covered by operating cash flow (22%).
Interest Coverage: 0L45's interest payments on its debt are not well covered by EBIT (2.2x coverage).