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Johnson Matthey Balance Sheet Health
Financial Health criteria checks 4/6
Johnson Matthey has a total shareholder equity of £2.5B and total debt of £1.6B, which brings its debt-to-equity ratio to 64.7%. Its total assets and total liabilities are £7.0B and £4.5B respectively. Johnson Matthey's EBIT is £477.0M making its interest coverage ratio 7.8. It has cash and short-term investments of £650.0M.
Key information
64.7%
Debt to equity ratio
UK£1.64b
Debt
Interest coverage ratio | 7.8x |
Cash | UK£650.00m |
Equity | UK£2.54b |
Total liabilities | UK£4.49b |
Total assets | UK£7.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JMAT N's short term assets (£4.4B) exceed its short term liabilities (£2.9B).
Long Term Liabilities: JMAT N's short term assets (£4.4B) exceed its long term liabilities (£1.6B).
Debt to Equity History and Analysis
Debt Level: JMAT N's net debt to equity ratio (39.1%) is considered satisfactory.
Reducing Debt: JMAT N's debt to equity ratio has increased from 44.5% to 64.7% over the past 5 years.
Debt Coverage: JMAT N's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: JMAT N's interest payments on its debt are well covered by EBIT (7.8x coverage).