Eaton Balance Sheet Health
Financial Health criteria checks 6/6
Eaton has a total shareholder equity of $19.3B and total debt of $8.2B, which brings its debt-to-equity ratio to 42.4%. Its total assets and total liabilities are $38.5B and $19.2B respectively. Eaton's EBIT is $4.1B making its interest coverage ratio 21. It has cash and short-term investments of $2.4B.
Key information
42.4%
Debt to equity ratio
US$8.19b
Debt
Interest coverage ratio | 21x |
Cash | US$2.44b |
Equity | US$19.33b |
Total liabilities | US$19.21b |
Total assets | US$38.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ETN1 N's short term assets ($11.9B) exceed its short term liabilities ($7.6B).
Long Term Liabilities: ETN1 N's short term assets ($11.9B) exceed its long term liabilities ($11.6B).
Debt to Equity History and Analysis
Debt Level: ETN1 N's net debt to equity ratio (29.8%) is considered satisfactory.
Reducing Debt: ETN1 N's debt to equity ratio has reduced from 46.6% to 42.4% over the past 5 years.
Debt Coverage: ETN1 N's debt is well covered by operating cash flow (45.9%).
Interest Coverage: ETN1 N's interest payments on its debt are well covered by EBIT (21x coverage).