Cintas Balance Sheet Health
Financial Health criteria checks 4/6
Cintas has a total shareholder equity of $4.2B and total debt of $2.5B, which brings its debt-to-equity ratio to 58.5%. Its total assets and total liabilities are $9.0B and $4.7B respectively. Cintas's EBIT is $2.0B making its interest coverage ratio 20. It has cash and short-term investments of $128.5M.
Key information
58.5%
Debt to equity ratio
US$2.47b
Debt
| Interest coverage ratio | 20x |
| Cash | US$128.48m |
| Equity | US$4.23b |
| Total liabilities | US$4.74b |
| Total assets | US$8.98b |
Recent financial health updates
Cintas (NASDAQ:CTAS) Has A Rock Solid Balance Sheet
Mar 07
Is Cintas (NASDAQ:CTAS) Using Too Much Debt?
Nov 08We Think Cintas (NASDAQ:CTAS) Can Manage Its Debt With Ease
Jul 14Does Cintas (NASDAQ:CTAS) Have A Healthy Balance Sheet?
Mar 16These 4 Measures Indicate That Cintas (NASDAQ:CTAS) Is Using Debt Safely
Oct 14Cintas (NASDAQ:CTAS) Could Easily Take On More Debt
Jul 04Recent updates
Cintas Corporation: Shares Have Risen Too High (Rating Downgrade)
Mar 28Should You Investigate Cintas Corporation (NASDAQ:CTAS) At US$628?
Mar 20Cintas (NASDAQ:CTAS) Has A Rock Solid Balance Sheet
Mar 07With EPS Growth And More, Cintas (NASDAQ:CTAS) Makes An Interesting Case
Feb 22Shareholders Would Enjoy A Repeat Of Cintas' (NASDAQ:CTAS) Recent Growth In Returns
Feb 05Cintas Corporation: I Am Still Positive
Jan 13Cintas Corporation (NASDAQ:CTAS) Investors Are Less Pessimistic Than Expected
Dec 27Do Cintas' (NASDAQ:CTAS) Earnings Warrant Your Attention?
Nov 21Is Cintas (NASDAQ:CTAS) Using Too Much Debt?
Nov 08Investors Should Be Encouraged By Cintas' (NASDAQ:CTAS) Returns On Capital
Oct 28At US$517, Is It Time To Put Cintas Corporation (NASDAQ:CTAS) On Your Watch List?
Oct 17Cintas Corporation (NASDAQ:CTAS) Shares Could Be 28% Above Their Intrinsic Value Estimate
Sep 25Here's Why We Think Cintas (NASDAQ:CTAS) Might Deserve Your Attention Today
Aug 05Returns on Capital Paint A Bright Future For Cintas (NASDAQ:CTAS)
Jul 25We Think Cintas (NASDAQ:CTAS) Can Manage Its Debt With Ease
Jul 14What Does Cintas Corporation's (NASDAQ:CTAS) Share Price Indicate?
Jul 03Are Cintas Corporation (NASDAQ:CTAS) Investors Paying Above The Intrinsic Value?
Jun 20With EPS Growth And More, Cintas (NASDAQ:CTAS) Makes An Interesting Case
May 05Why The 25% Return On Capital At Cintas (NASDAQ:CTAS) Should Have Your Attention
Apr 09Is It Time To Consider Buying Cintas Corporation (NASDAQ:CTAS)?
Mar 28Does Cintas (NASDAQ:CTAS) Have A Healthy Balance Sheet?
Mar 16Here's Why Cintas (NASDAQ:CTAS) Has Caught The Eye Of Investors
Jan 27Calculating The Fair Value Of Cintas Corporation (NASDAQ:CTAS)
Jan 04Cintas (NASDAQ:CTAS) Is Very Good At Capital Allocation
Dec 24Is Now The Time To Look At Buying Cintas Corporation (NASDAQ:CTAS)?
Dec 13These 4 Measures Indicate That Cintas (NASDAQ:CTAS) Is Using Debt Safely
Oct 14Do Cintas' (NASDAQ:CTAS) Earnings Warrant Your Attention?
Oct 03Cintas Q1 2023 Earnings Preview
Sep 27Investors Should Be Encouraged By Cintas' (NASDAQ:CTAS) Returns On Capital
Sep 21What Does Cintas Corporation's (NASDAQ:CTAS) Share Price Indicate?
Sep 10A Look At The Intrinsic Value Of Cintas Corporation (NASDAQ:CTAS)
Aug 30Cintas (NASDAQ:CTAS) Is Increasing Its Dividend To $1.15
Aug 08Cintas: No, Not Yet, It's Still A 'Hold'
Jul 21Cintas Q4 2022 Earnings Preview
Jul 13Cintas (NASDAQ:CTAS) Could Easily Take On More Debt
Jul 04Investors Shouldn't Overlook The Favourable Returns On Capital At Cintas (NASDAQ:CTAS)
Jun 21With EPS Growth And More, Cintas (NASDAQ:CTAS) Is Interesting
Jun 10Financial Position Analysis
Short Term Liabilities: CTAS's short term assets ($3.0B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: CTAS's short term assets ($3.0B) do not cover its long term liabilities ($3.5B).
Debt to Equity History and Analysis
Debt Level: CTAS's net debt to equity ratio (55.4%) is considered high.
Reducing Debt: CTAS's debt to equity ratio has reduced from 86.9% to 58.5% over the past 5 years.
Debt Coverage: CTAS's debt is well covered by operating cash flow (78.4%).
Interest Coverage: CTAS's interest payments on its debt are well covered by EBIT (20x coverage).