Illinois Tool Works Balance Sheet Health
Financial Health criteria checks 3/6
Illinois Tool Works has a total shareholder equity of $3.0B and total debt of $8.1B, which brings its debt-to-equity ratio to 268.5%. Its total assets and total liabilities are $15.4B and $12.4B respectively. Illinois Tool Works's EBIT is $4.1B making its interest coverage ratio 17.7. It has cash and short-term investments of $990.0M.
Key information
268.5%
Debt to equity ratio
US$8.07b
Debt
Interest coverage ratio | 17.7x |
Cash | US$990.00m |
Equity | US$3.00b |
Total liabilities | US$12.39b |
Total assets | US$15.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ITW *'s short term assets ($6.3B) exceed its short term liabilities ($4.0B).
Long Term Liabilities: ITW *'s short term assets ($6.3B) do not cover its long term liabilities ($8.4B).
Debt to Equity History and Analysis
Debt Level: ITW *'s net debt to equity ratio (235.6%) is considered high.
Reducing Debt: ITW *'s debt to equity ratio has increased from 208.8% to 268.5% over the past 5 years.
Debt Coverage: ITW *'s debt is well covered by operating cash flow (41%).
Interest Coverage: ITW *'s interest payments on its debt are well covered by EBIT (17.7x coverage).