Smiths Group Balance Sheet Health
Financial Health criteria checks 6/6
Smiths Group has a total shareholder equity of £2.3B and total debt of £549.0M, which brings its debt-to-equity ratio to 24.4%. Its total assets and total liabilities are £4.2B and £2.0B respectively. Smiths Group's EBIT is £446.0M making its interest coverage ratio 11.7. It has cash and short-term investments of £459.0M.
Key information
24.4%
Debt to equity ratio
UK£549.00m
Debt
| Interest coverage ratio | 11.7x |
| Cash | UK£459.00m |
| Equity | UK£2.25b |
| Total liabilities | UK£1.98b |
| Total assets | UK£4.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMGK.F's short term assets (£2.0B) exceed its short term liabilities (£947.0M).
Long Term Liabilities: SMGK.F's short term assets (£2.0B) exceed its long term liabilities (£1.0B).
Debt to Equity History and Analysis
Debt Level: SMGK.F's net debt to equity ratio (4%) is considered satisfactory.
Reducing Debt: SMGK.F's debt to equity ratio has reduced from 63.4% to 24.4% over the past 5 years.
Debt Coverage: SMGK.F's debt is well covered by operating cash flow (76.1%).
Interest Coverage: SMGK.F's interest payments on its debt are well covered by EBIT (11.7x coverage).