Textron Balance Sheet Health
Financial Health criteria checks 6/6
Textron has a total shareholder equity of $6.9B and total debt of $3.5B, which brings its debt-to-equity ratio to 51%. Its total assets and total liabilities are $16.4B and $9.6B respectively. Textron's EBIT is $1.3B making its interest coverage ratio 20.4. It has cash and short-term investments of $1.3B.
Key information
51.0%
Debt to equity ratio
US$3.49b
Debt
| Interest coverage ratio | 20.4x |
| Cash | US$1.35b |
| Equity | US$6.85b |
| Total liabilities | US$9.58b |
| Total assets | US$16.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TXT *'s short term assets ($8.0B) exceed its short term liabilities ($4.5B).
Long Term Liabilities: TXT *'s short term assets ($8.0B) exceed its long term liabilities ($5.1B).
Debt to Equity History and Analysis
Debt Level: TXT *'s net debt to equity ratio (31.4%) is considered satisfactory.
Reducing Debt: TXT *'s debt to equity ratio has reduced from 74.7% to 51% over the past 5 years.
Debt Coverage: TXT *'s debt is well covered by operating cash flow (33.4%).
Interest Coverage: TXT *'s interest payments on its debt are well covered by EBIT (20.4x coverage).