Fortive Balance Sheet Health
Financial Health criteria checks 5/6
Fortive has a total shareholder equity of $10.5B and total debt of $3.8B, which brings its debt-to-equity ratio to 36%. Its total assets and total liabilities are $17.3B and $6.8B respectively. Fortive's EBIT is $1.2B making its interest coverage ratio 8.3. It has cash and short-term investments of $644.1M.
Key information
36.0%
Debt to equity ratio
US$3.78b
Debt
| Interest coverage ratio | 8.3x |
| Cash | US$644.10m |
| Equity | US$10.51b |
| Total liabilities | US$6.78b |
| Total assets | US$17.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FTV *'s short term assets ($2.5B) exceed its short term liabilities ($2.0B).
Long Term Liabilities: FTV *'s short term assets ($2.5B) do not cover its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: FTV *'s net debt to equity ratio (29.9%) is considered satisfactory.
Reducing Debt: FTV *'s debt to equity ratio has reduced from 88.2% to 36% over the past 5 years.
Debt Coverage: FTV *'s debt is well covered by operating cash flow (37.7%).
Interest Coverage: FTV *'s interest payments on its debt are well covered by EBIT (8.3x coverage).