Fortive Balance Sheet Health
Financial Health criteria checks 5/6
Fortive has a total shareholder equity of $10.6B and total debt of $3.9B, which brings its debt-to-equity ratio to 36.5%. Its total assets and total liabilities are $17.5B and $6.9B respectively. Fortive's EBIT is $1.2B making its interest coverage ratio 7.9. It has cash and short-term investments of $811.3M.
Key information
36.5%
Debt to equity ratio
US$3.86b
Debt
| Interest coverage ratio | 7.9x |
| Cash | US$811.30m |
| Equity | US$10.56b |
| Total liabilities | US$6.89b |
| Total assets | US$17.45b |
Recent financial health updates
These 4 Measures Indicate That Fortive (NYSE:FTV) Is Using Debt Reasonably Well
Oct 03
Is Fortive (NYSE:FTV) A Risky Investment?
Jul 02Fortive (NYSE:FTV) Has A Pretty Healthy Balance Sheet
Mar 18Recent updates
Fortive Corporation: Undervaluation And Stability Give It An Edge (Rating Upgrade)
Dec 11At US$74.82, Is Fortive Corporation (NYSE:FTV) Worth Looking At Closely?
Nov 18These 4 Measures Indicate That Fortive (NYSE:FTV) Is Using Debt Reasonably Well
Oct 03Fortive: A Softer Performance Triggers A Separation
Sep 22Fortive Corporation's (NYSE:FTV) Share Price Matching Investor Opinion
Sep 17An Intrinsic Calculation For Fortive Corporation (NYSE:FTV) Suggests It's 44% Undervalued
Aug 30At US$77.88, Is Fortive Corporation (NYSE:FTV) Worth Looking At Closely?
Jul 18Fortive Has Lost Some Luster With Cyclical End-Market Pressures
Jul 04Is Fortive (NYSE:FTV) A Risky Investment?
Jul 02Is Fortive Corporation (NYSE:FTV) Trading At A 32% Discount?
May 29Fortive Corporation: Attractively Valued With Good Growth Prospects
Apr 28Fortive Corporation's (NYSE:FTV) Popularity With Investors Is Clear
Apr 17Why Fortive Corporation (NYSE:FTV) Could Be Worth Watching
Apr 02Fortive (NYSE:FTV) Has A Pretty Healthy Balance Sheet
Mar 18Is Fortive Corporation (NYSE:FTV) Trading At A 45% Discount?
Feb 20Fortive: Attractive Opportunity At Current Levels
Jan 29With Fortive Corporation (NYSE:FTV) It Looks Like You'll Get What You Pay For
Jan 03Fortive: A Good Buy At Current Levels
Dec 20Fortive: Interesting And Well Positioned Conglomerate
Oct 05Fortive Corporation: Raised Outlook As Demand Remains Resilient
Jul 21Fortive Q4 2022 Earnings Preview
Jan 31Financial Position Analysis
Short Term Liabilities: FTV's short term assets ($2.6B) exceed its short term liabilities ($2.1B).
Long Term Liabilities: FTV's short term assets ($2.6B) do not cover its long term liabilities ($4.8B).
Debt to Equity History and Analysis
Debt Level: FTV's net debt to equity ratio (28.9%) is considered satisfactory.
Reducing Debt: FTV's debt to equity ratio has reduced from 84% to 36.5% over the past 5 years.
Debt Coverage: FTV's debt is well covered by operating cash flow (38.1%).
Interest Coverage: FTV's interest payments on its debt are well covered by EBIT (7.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 09:50 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/27 |
| 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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
Fortive Corporation is covered by 34 analysts. 19 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 |
| Robert Mason | Baird |
| Ishan Majumdar | Baptista Research |