Cintas Balance Sheet Health
Financial Health criteria checks 5/6
Cintas has a total shareholder equity of $4.3B and total debt of $2.7B, which brings its debt-to-equity ratio to 61.9%. Its total assets and total liabilities are $9.4B and $5.1B respectively. Cintas's EBIT is $2.2B making its interest coverage ratio 23.3. It has cash and short-term investments of $122.4M.
Key information
61.9%
Debt to equity ratio
US$2.66b
Debt
| Interest coverage ratio | 23.3x |
| Cash | US$122.40m |
| Equity | US$4.29b |
| Total liabilities | US$5.07b |
| Total assets | US$9.37b |
Recent financial health updates
We Think Cintas (NASDAQ:CTAS) Can Manage Its Debt With Ease
Nov 07
Is Cintas (NASDAQ:CTAS) Using Too Much Debt?
Jun 27Cintas (NASDAQ:CTAS) Has A Rock Solid Balance Sheet
Mar 07Recent updates
Cintas: Massive Pullback Opens Up Long-Term Opportunity
Dec 19Cintas (NASDAQ:CTAS) Is Achieving High Returns On Its Capital
Dec 18Cintas: U.S. Trade Policy Impacts Are Uncertain, While Stock Appears Fully Valued
Nov 27What Does Cintas Corporation's (NASDAQ:CTAS) Share Price Indicate?
Nov 20We Think Cintas (NASDAQ:CTAS) Can Manage Its Debt With Ease
Nov 07Investor Optimism Abounds Cintas Corporation (NASDAQ:CTAS) But Growth Is Lacking
Oct 24If EPS Growth Is Important To You, Cintas (NASDAQ:CTAS) Presents An Opportunity
Oct 09Cintas: It Just Keeps Growing
Sep 25Cintas: Own It, Don't Trade It, Or Chase It
Sep 17Returns On Capital Are A Standout For Cintas (NASDAQ:CTAS)
Sep 02Is Cintas Corporation (NASDAQ:CTAS) Potentially Undervalued?
Aug 22Cintas (NASDAQ:CTAS) Is Increasing Its Dividend To $1.56
Aug 01Is Cintas (NASDAQ:CTAS) Using Too Much Debt?
Jun 27Cintas Corporation (NASDAQ:CTAS) Shares Could Be 31% Above Their Intrinsic Value Estimate
Jun 14Cintas: Economic Profit Is Underappreciated, Not As Pricey As It Appears
Jun 13Cintas: More Dangerous Overvaluation
Jun 07Should You Be Adding Cintas (NASDAQ:CTAS) To Your Watchlist Today?
Jun 02We Think Cintas (NASDAQ:CTAS) Might Have The DNA Of A Multi-Bagger
May 21Earnings Not Telling The Story For Cintas Corporation (NASDAQ:CTAS)
Apr 22Cintas 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 27Financial Position Analysis
Short Term Liabilities: CTAS's short term assets ($3.2B) exceed its short term liabilities ($2.0B).
Long Term Liabilities: CTAS's short term assets ($3.2B) exceed its long term liabilities ($3.1B).
Debt to Equity History and Analysis
Debt Level: CTAS's net debt to equity ratio (59.1%) is considered high.
Reducing Debt: CTAS's debt to equity ratio has reduced from 88.2% to 61.9% over the past 5 years.
Debt Coverage: CTAS's debt is well covered by operating cash flow (85%).
Interest Coverage: CTAS's interest payments on its debt are well covered by EBIT (23.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:47 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/11/30 |
| Annual Earnings | 2024/05/31 |
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
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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
Cintas Corporation is covered by 33 analysts. 17 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 |
|---|---|
| Andrew Wittmann | Baird |
| Gary Bisbee | Barclays |
| Manav Patnaik | Barclays |