Mohawk Industries Balance Sheet Health
Financial Health criteria checks 6/6
Mohawk Industries has a total shareholder equity of $7.3B and total debt of $2.5B, which brings its debt-to-equity ratio to 34.7%. Its total assets and total liabilities are $13.1B and $5.9B respectively. Mohawk Industries's EBIT is $703.5M making its interest coverage ratio 9.4. It has cash and short-term investments of $518.5M.
Key information
34.7%
Debt to equity ratio
US$2.52b
Debt
Interest coverage ratio | 9.4x |
Cash | US$518.45m |
Equity | US$7.27b |
Total liabilities | US$5.87b |
Total assets | US$13.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MHK *'s short term assets ($5.5B) exceed its short term liabilities ($3.2B).
Long Term Liabilities: MHK *'s short term assets ($5.5B) exceed its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: MHK *'s net debt to equity ratio (27.6%) is considered satisfactory.
Reducing Debt: MHK *'s debt to equity ratio has reduced from 37.7% to 34.7% over the past 5 years.
Debt Coverage: MHK *'s debt is well covered by operating cash flow (50.5%).
Interest Coverage: MHK *'s interest payments on its debt are well covered by EBIT (9.4x coverage).