Illinois Tool Works Balance Sheet Health
Financial Health criteria checks 3/6
Illinois Tool Works has a total shareholder equity of $3.0B and total debt of $8.2B, which brings its debt-to-equity ratio to 271%. Its total assets and total liabilities are $15.5B and $12.5B respectively. Illinois Tool Works's EBIT is $4.1B making its interest coverage ratio 18.9. It has cash and short-term investments of $1.1B.
Key information
271.0%
Debt to equity ratio
US$8.16b
Debt
| Interest coverage ratio | 18.9x |
| Cash | US$1.07b |
| Equity | US$3.01b |
| Total liabilities | US$12.51b |
| Total assets | US$15.52b |
Recent financial health updates
Does Illinois Tool Works (NYSE:ITW) Have A Healthy Balance Sheet?
Feb 17
Is Illinois Tool Works (NYSE:ITW) A Risky Investment?
Nov 02Is Illinois Tool Works (NYSE:ITW) Using Too Much Debt?
Jul 30Does Illinois Tool Works (NYSE:ITW) Have A Healthy Balance Sheet?
Apr 23Illinois Tool Works (NYSE:ITW) Seems To Use Debt Quite Sensibly
Jan 09Here's Why Illinois Tool Works (NYSE:ITW) Can Manage Its Debt Responsibly
Oct 08Recent updates
Calculating The Intrinsic Value Of Illinois Tool Works Inc. (NYSE:ITW)
Apr 08Illinois Tool Works: Underwhelming Growth Prospects Clash With Strong Financials
Mar 26At US$260, Is It Time To Put Illinois Tool Works Inc. (NYSE:ITW) On Your Watch List?
Mar 04Does Illinois Tool Works (NYSE:ITW) Have A Healthy Balance Sheet?
Feb 17Illinois Tool Works: Coasting Well, But Tighten Your Seat Belts
Jan 08There's Reason For Concern Over Illinois Tool Works Inc.'s (NYSE:ITW) Price
Jan 08Should You Be Adding Illinois Tool Works (NYSE:ITW) To Your Watchlist Today?
Dec 25Calculating The Intrinsic Value Of Illinois Tool Works Inc. (NYSE:ITW)
Nov 29The Returns At Illinois Tool Works (NYSE:ITW) Aren't Growing
Nov 15Is Illinois Tool Works (NYSE:ITW) A Risky Investment?
Nov 02Illinois Tool Works Is A Fascinating Dividend King
Oct 29What Does Illinois Tool Works Inc.'s (NYSE:ITW) Share Price Indicate?
Oct 06Illinois Tool Works: Good Growth Prospects And A Reasonable Valuation
Sep 17Illinois Tool Works (NYSE:ITW) Will Pay A Larger Dividend Than Last Year At $1.40
Aug 28A Look At The Intrinsic Value Of Illinois Tool Works Inc. (NYSE:ITW)
Aug 13Is Illinois Tool Works (NYSE:ITW) Using Too Much Debt?
Jul 30Why We Like The Returns At Illinois Tool Works (NYSE:ITW)
Jul 16Illinois Tool Works: Quality Business Model, But Limited Upside Potential
Jul 12Here's Why Illinois Tool Works (NYSE:ITW) Has Caught The Eye Of Investors
Jul 02Illinois Tools Works: Right Time To Have This High Margin Company In Your Portfolio
Jun 23Illinois Tool Works: A Dividend King Near All-Time Highs
Jun 09Should You Investigate Illinois Tool Works Inc. (NYSE:ITW) At US$228?
May 21Calculating The Intrinsic Value Of Illinois Tool Works Inc. (NYSE:ITW)
May 07Does Illinois Tool Works (NYSE:ITW) Have A Healthy Balance Sheet?
Apr 23Investors Should Be Encouraged By Illinois Tool Works' (NYSE:ITW) Returns On Capital
Apr 07When Should You Buy Illinois Tool Works Inc. (NYSE:ITW)?
Feb 19Illinois Tool Works Inc. declares $1.31 dividend
Feb 10Is Now The Time To Put Illinois Tool Works (NYSE:ITW) On Your Watchlist?
Feb 05Illinois Tool Works Non-GAAP EPS of $2.34 misses by $0.19, revenue of $3.97B beats by $70M, initiates FY earning outlook above consensus
Feb 02Illinois Tool Works: A Dividend King To Buy At The Right Price
Jan 27Illinois Tool Works: A Dividend King Worth Buying
Jan 20Illinois Tool Works (NYSE:ITW) Seems To Use Debt Quite Sensibly
Jan 09Why The 34% Return On Capital At Illinois Tool Works (NYSE:ITW) Should Have Your Attention
Dec 27Estimating The Fair Value Of Illinois Tool Works Inc. (NYSE:ITW)
Dec 07Is It Too Late To Consider Buying Illinois Tool Works Inc. (NYSE:ITW)?
Nov 09Illinois Tool Works Q3 2022 Earnings Preview
Oct 24Here's Why Illinois Tool Works (NYSE:ITW) Can Manage Its Debt Responsibly
Oct 08Illinois Tool Works goes ex dividend tomorrow
Sep 28Illinois Tool Works To Win With Disciplined Approach On Expansion
Sep 21Illinois Tool Works' (NYSE:ITW) Upcoming Dividend Will Be Larger Than Last Year's
Sep 14Are Investors Undervaluing Illinois Tool Works Inc. (NYSE:ITW) By 25%?
Sep 05Illinois Tool Works (NYSE:ITW) Will Pay A Larger Dividend Than Last Year At $1.31
Aug 11Illinois Tool Works Q2 2022 Earnings Preview
Aug 01At US$187, Is It Time To Put Illinois Tool Works Inc. (NYSE:ITW) On Your Watch List?
Jul 20Illinois Tool Works (NYSE:ITW) Hasn't Managed To Accelerate Its Returns
Jul 09Financial Position Analysis
Short Term Liabilities: ITW's short term assets ($6.2B) exceed its short term liabilities ($4.7B).
Long Term Liabilities: ITW's short term assets ($6.2B) do not cover its long term liabilities ($7.8B).
Debt to Equity History and Analysis
Debt Level: ITW's net debt to equity ratio (235.6%) is considered high.
Reducing Debt: ITW's debt to equity ratio has increased from 226.5% to 271% over the past 5 years.
Debt Coverage: ITW's debt is well covered by operating cash flow (43.3%).
Interest Coverage: ITW's interest payments on its debt are well covered by EBIT (18.9x coverage).