Timken Balance Sheet Health
Financial Health criteria checks 5/6
Timken has a total shareholder equity of $2.7B and total debt of $2.4B, which brings its debt-to-equity ratio to 87.5%. Its total assets and total liabilities are $6.5B and $3.8B respectively. Timken's EBIT is $676.0M making its interest coverage ratio 6.2. It has cash and short-term investments of $421.9M.
Key information
87.5%
Debt to equity ratio
US$2.39b
Debt
Interest coverage ratio | 6.2x |
Cash | US$421.90m |
Equity | US$2.74b |
Total liabilities | US$3.81b |
Total assets | US$6.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TKR *'s short term assets ($2.7B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: TKR *'s short term assets ($2.7B) exceed its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: TKR *'s net debt to equity ratio (72.1%) is considered high.
Reducing Debt: TKR *'s debt to equity ratio has reduced from 104.3% to 87.5% over the past 5 years.
Debt Coverage: TKR *'s debt is well covered by operating cash flow (21.6%).
Interest Coverage: TKR *'s interest payments on its debt are well covered by EBIT (6.2x coverage).