Cummins Balance Sheet Health
Financial Health criteria checks 4/6
Cummins has a total shareholder equity of $11.3B and total debt of $7.5B, which brings its debt-to-equity ratio to 66.5%. Its total assets and total liabilities are $32.1B and $20.7B respectively. Cummins's EBIT is $3.5B making its interest coverage ratio 13. It has cash and short-term investments of $2.3B.
Key information
66.5%
Debt to equity ratio
US$7.54b
Debt
| Interest coverage ratio | 13x |
| Cash | US$2.25b |
| Equity | US$11.34b |
| Total liabilities | US$20.71b |
| Total assets | US$32.05b |
Recent financial health updates
Does Cummins (NYSE:CMI) Have A Healthy Balance Sheet?
Aug 19
Here's Why Cummins (NYSE:CMI) Has A Meaningful Debt Burden
Feb 27Recent updates
Cummins: Paying Up For Improving Fundamentals (Rating Downgrade)
Dec 11Is Cummins Inc. (NYSE:CMI) Trading At A 49% Discount?
Nov 28Results: Cummins Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Nov 08Is It Too Late To Consider Buying Cummins Inc. (NYSE:CMI)?
Oct 03Cummins: Solid Fundamentals And Undervalued
Sep 30Investors Appear Satisfied With Cummins Inc.'s (NYSE:CMI) Prospects
Sep 18Cummins: A Blue-Chip Dividend Stock To Buy Now
Sep 12Does Cummins (NYSE:CMI) Have A Healthy Balance Sheet?
Aug 19Cummins: Dividend Strength In A Challenging Economy
Aug 14Cummins Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Aug 03Cummins' (NYSE:CMI) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 22When Should You Buy Cummins Inc. (NYSE:CMI)?
Jun 28Calculating The Fair Value Of Cummins Inc. (NYSE:CMI)
Jun 1310-12% Annual Returns? Why Cummins Could Be Your Next Dividend Champion
Jun 10Cummins: It's Too Late To Buy This Dividend Growth Stock
Apr 12Cummins: An Industrial Force Worth Considering
Mar 18Here's Why Cummins (NYSE:CMI) Has A Meaningful Debt Burden
Feb 27There May Be Reason For Hope In Cummins' (NYSE:CMI) Disappointing Earnings
Feb 13The Power Play: Cummins' Path To More Than 10% Annual Returns
Feb 08Cummins Inc. (NYSE:CMI) Looks Inexpensive But Perhaps Not Attractive Enough
Feb 03Investors Met With Slowing Returns on Capital At Cummins (NYSE:CMI)
Jan 22We Ran A Stock Scan For Earnings Growth And Cummins (NYSE:CMI) Passed With Ease
Dec 26Cummins: A Dividend Contender That Hasn't Been This Cheap In 3 Years
Dec 20Cummins: The A-Rated Dividend Stock Keeps Shining
Nov 15Cummins: Dividend Raised 18 Years/2.95% Yield - High Quality Industrial
Oct 10Cummins: A Dividend Growth Stock That Can Keep Your Portfolio Trucking Along
Sep 28Cummins: 5 Factors Make This A Strong Buy
Sep 06Cummins: Navigating Challenges With Resilience And Record Revenues
Aug 14Cummins: Forget The AI-Rally, Buy The Heat Rally
Jul 20Financial Position Analysis
Short Term Liabilities: CMI's short term assets ($15.3B) exceed its short term liabilities ($11.6B).
Long Term Liabilities: CMI's short term assets ($15.3B) exceed its long term liabilities ($9.1B).
Debt to Equity History and Analysis
Debt Level: CMI's net debt to equity ratio (46.7%) is considered high.
Reducing Debt: CMI's debt to equity ratio has increased from 29% to 66.5% over the past 5 years.
Debt Coverage: CMI's debt is well covered by operating cash flow (20.2%).
Interest Coverage: CMI's interest payments on its debt are well covered by EBIT (13x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:42 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Cummins Inc. is covered by 60 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Eade | Argus Research Company |
| Rorrie Mars | Atlantic Equities LLP |
| Kristine Kubacki | Avondale Partners |