Mohawk Industries Balance Sheet Health
Financial Health criteria checks 6/6
Mohawk Industries has a total shareholder equity of $7.7B and total debt of $2.3B, which brings its debt-to-equity ratio to 30.4%. Its total assets and total liabilities are $13.3B and $5.6B respectively. Mohawk Industries's EBIT is $871.2M making its interest coverage ratio 13.4. It has cash and short-term investments of $497.4M.
Key information
30.4%
Debt to equity ratio
US$2.32b
Debt
| Interest coverage ratio | 13.4x |
| Cash | US$497.40m |
| Equity | US$7.65b |
| Total liabilities | US$5.63b |
| Total assets | US$13.28b |
Recent financial health updates
Is Mohawk Industries (NYSE:MHK) Using Too Much Debt?
Jul 11
These 4 Measures Indicate That Mohawk Industries (NYSE:MHK) Is Using Debt Extensively
Apr 11Mohawk Industries (NYSE:MHK) Has A Somewhat Strained Balance Sheet
Jan 02Mohawk Industries (NYSE:MHK) Has A Somewhat Strained Balance Sheet
Sep 22Does Mohawk Industries (NYSE:MHK) Have A Healthy Balance Sheet?
Jun 23Mohawk Industries (NYSE:MHK) Has A Somewhat Strained Balance Sheet
Mar 10Recent updates
Mohawk Industries: Stay Buy Rated Due To Positive Growth And Margin Expansion Outlook
Aug 08Subdued Growth No Barrier To Mohawk Industries, Inc. (NYSE:MHK) With Shares Advancing 41%
Jul 29Mohawk Industries: Still Comfortable With A 'Hold' Rating As Earnings Near
Jul 23Is Mohawk Industries (NYSE:MHK) Using Too Much Debt?
Jul 11Is There An Opportunity With Mohawk Industries, Inc.'s (NYSE:MHK) 39% Undervaluation?
May 14Mohawk Industries: Upgrade To Buy On Clearer View Of Recovery
May 13Mohawk Industries: Housing Market Still Suppressing The Flooring Industry
May 06Mohawk Industries' (NYSE:MHK) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Apr 29These 4 Measures Indicate That Mohawk Industries (NYSE:MHK) Is Using Debt Extensively
Apr 11Mohawk Industries: Staying Neutral For Now Until More Evidence Of Recovery
Feb 17Are Investors Undervaluing Mohawk Industries, Inc. (NYSE:MHK) By 25%?
Feb 01Returns On Capital Signal Difficult Times Ahead For Mohawk Industries (NYSE:MHK)
Jan 17Mohawk Industries: Underappreciated Margins Hidden Behind Macro Woes
Jan 05Mohawk Industries (NYSE:MHK) Has A Somewhat Strained Balance Sheet
Jan 02After Leaping 25% Mohawk Industries, Inc. (NYSE:MHK) Shares Are Not Flying Under The Radar
Dec 18Mohawk Industries: Macro Headwinds Not Going Away Yet
Nov 21Is Mohawk Industries, Inc. (NYSE:MHK) Potentially Undervalued?
Nov 15Are Investors Undervaluing Mohawk Industries, Inc. (NYSE:MHK) By 47%?
Oct 28Mohawk Industries: Poorly Managed With Serious Headwinds Ahead
Oct 24Mohawk Industries: The 'Floor' Isn't In Yet For Stock Price
Oct 16Some Investors May Be Worried About Mohawk Industries' (NYSE:MHK) Returns On Capital
Oct 10Mohawk Industries (NYSE:MHK) Has A Somewhat Strained Balance Sheet
Sep 22Why Mohawk Industries, Inc. (NYSE:MHK) Could Be Worth Watching
Aug 11Mohawk Industries: Remain Hold As Q2 Margin Is Not Improving As Much I Expected
Jul 28Calculating The Fair Value Of Mohawk Industries, Inc. (NYSE:MHK)
Jul 27Some Investors May Be Worried About Mohawk Industries' (NYSE:MHK) Returns On Capital
Jul 11Does Mohawk Industries (NYSE:MHK) Have A Healthy Balance Sheet?
Jun 23Mohawk Industries: Continue To Observe How Margins Improve
Jun 02Is Now The Time To Look At Buying Mohawk Industries, Inc. (NYSE:MHK)?
May 04An Intrinsic Calculation For Mohawk Industries, Inc. (NYSE:MHK) Suggests It's 31% Undervalued
Apr 16Mohawk Industries (NYSE:MHK) Will Be Hoping To Turn Its Returns On Capital Around
Mar 29Mohawk Industries (NYSE:MHK) Has A Somewhat Strained Balance Sheet
Mar 10Mohawk Non-GAAP EPS of $1.32 beats by $0.03, revenue of $2.7B beats by $10M
Feb 09Should You Investigate Mohawk Industries, Inc. (NYSE:MHK) At US$113?
Jan 19Mohawk Industries provides Q4 and litigation update
Jan 17Mohawk Industries: Still A Comfortable Prospect For A Value Portfolio
Jan 09Is There An Opportunity With Mohawk Industries, Inc.'s (NYSE:MHK) 46% Undervaluation?
Jan 04Returns On Capital At Mohawk Industries (NYSE:MHK) Have Hit The Brakes
Dec 05Mohawk Industries: Undervalued With A Large Margin Of Safety
Oct 22At US$98.85, Is Mohawk Industries, Inc. (NYSE:MHK) Worth Looking At Closely?
Oct 19Mohawk Industries: A Solid Prospect With Some Upside
Sep 09Is Mohawk Industries (NYSE:MHK) A Risky Investment?
Sep 07Mohawk Industries (NYSE:MHK) Is Reinvesting At Lower Rates Of Return
Aug 05Financial Position Analysis
Short Term Liabilities: MHK's short term assets ($5.6B) exceed its short term liabilities ($2.9B).
Long Term Liabilities: MHK's short term assets ($5.6B) exceed its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: MHK's net debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: MHK's debt to equity ratio has reduced from 39.1% to 30.4% over the past 5 years.
Debt Coverage: MHK's debt is well covered by operating cash flow (52.7%).
Interest Coverage: MHK's interest payments on its debt are well covered by EBIT (13.4x coverage).