Cummins Balance Sheet Health
Financial Health criteria checks 5/6
Cummins has a total shareholder equity of $9.9B and total debt of $6.7B, which brings its debt-to-equity ratio to 67.7%. Its total assets and total liabilities are $32.0B and $22.1B respectively. Cummins's EBIT is $3.4B making its interest coverage ratio 12.3. It has cash and short-term investments of $2.7B.
Key information
67.7%
Debt to equity ratio
US$6.70b
Debt
| Interest coverage ratio | 12.3x |
| Cash | US$2.74b |
| Equity | US$9.90b |
| Total liabilities | US$22.10b |
| Total assets | US$32.01b |
Recent financial health updates
Here's Why Cummins (NYSE:CMI) Has A Meaningful Debt Burden
Feb 27
Cummins (NYSE:CMI) Seems To Use Debt Quite Sensibly
Sep 15These 4 Measures Indicate That Cummins (NYSE:CMI) Is Using Debt Reasonably Well
Jun 05Cummins (NYSE:CMI) Seems To Use Debt Quite Sensibly
Feb 13Recent updates
Cummins: 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 12A Look At The Intrinsic Value Of Cummins Inc. (NYSE:CMI)
Jun 27Cummins: Powering Its Engines
Jun 19Recession? Tailwinds? How Attractive Is Cummins' 3% Yield?
Jun 08These 4 Measures Indicate That Cummins (NYSE:CMI) Is Using Debt Reasonably Well
Jun 05Here's Why Cummins (NYSE:CMI) Has Caught The Eye Of Investors
May 25At US$233, Is It Time To Put Cummins Inc. (NYSE:CMI) On Your Watch List?
Apr 24Cummins (NYSE:CMI) Hasn't Managed To Accelerate Its Returns
Apr 11Estimating The Intrinsic Value Of Cummins Inc. (NYSE:CMI)
Mar 05Cummins declares $1.57 dividend
Feb 14Cummins (NYSE:CMI) Seems To Use Debt Quite Sensibly
Feb 13Cummins Q4 2022 Earnings Preview
Feb 03Cummins: Why The Stock Could Fall 20% From Here
Jan 24What Does Cummins Inc.'s (NYSE:CMI) Share Price Indicate?
Jan 18Returns On Capital At Cummins (NYSE:CMI) Have Hit The Brakes
Jan 06Cummins: Sustainable Hydrogen Energy
Dec 18Cummins to power Linde's U.S. green hydrogen plant
Dec 12Cummins Inc. (NYSE:CMI) Shares Could Be 50% Below Their Intrinsic Value Estimate
Nov 29Financial Position Analysis
Short Term Liabilities: CMI's short term assets ($15.2B) exceed its short term liabilities ($12.9B).
Long Term Liabilities: CMI's short term assets ($15.2B) exceed its long term liabilities ($9.2B).
Debt to Equity History and Analysis
Debt Level: CMI's net debt to equity ratio (40%) is considered satisfactory.
Reducing Debt: CMI's debt to equity ratio has increased from 28.4% to 67.7% over the past 5 years.
Debt Coverage: CMI's debt is well covered by operating cash flow (59.2%).
Interest Coverage: CMI's interest payments on its debt are well covered by EBIT (12.3x coverage).