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 19Here's Why Cummins (NYSE:CMI) Has A Meaningful Debt Burden
Feb 27Cummins (NYSE:CMI) Seems To Use Debt Quite Sensibly
Sep 15Recent updates
Results: 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 20Calculating The Fair Value Of Cummins Inc. (NYSE:CMI)
Dec 14Cummins: The A-Rated Dividend Stock Keeps Shining
Nov 15Cummins (NYSE:CMI) Is Paying Out A Larger Dividend Than Last Year
Nov 11Cummins (NYSE:CMI) Is Increasing Its Dividend To $1.68
Oct 28Cummins (NYSE:CMI) Is Paying Out A Larger Dividend Than Last Year
Oct 14Here's What To Make Of Cummins' (NYSE:CMI) Decelerating Rates Of Return
Oct 10Cummins: Dividend Raised 18 Years/2.95% Yield - High Quality Industrial
Oct 10Is Now The Time To Look At Buying Cummins Inc. (NYSE:CMI)?
Sep 28Cummins: A Dividend Growth Stock That Can Keep Your Portfolio Trucking Along
Sep 28Cummins (NYSE:CMI) Seems To Use Debt Quite Sensibly
Sep 15Cummins: 5 Factors Make This A Strong Buy
Sep 06We Ran A Stock Scan For Earnings Growth And Cummins (NYSE:CMI) Passed With Ease
Sep 01Cummins' (NYSE:CMI) Dividend Will Be Increased To $1.68
Aug 14Cummins: Navigating Challenges With Resilience And Record Revenues
Aug 14Cummins (NYSE:CMI) Has Announced That It Will Be Increasing Its Dividend To $1.68
Jul 31Cummins: Forget The AI-Rally, Buy The Heat Rally
Jul 20Cummins (NYSE:CMI) Is Paying Out A Larger Dividend Than Last Year
Jul 15Cummins: Still Cheaply Priced
Jul 12Financial 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).