S&P Global Balance Sheet Health
Financial Health criteria checks 4/6
S&P Global has a total shareholder equity of $38.4B and total debt of $11.4B, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are $60.4B and $22.0B respectively. S&P Global's EBIT is $5.5B making its interest coverage ratio 18.3. It has cash and short-term investments of $1.7B.
Key information
29.7%
Debt to equity ratio
US$11.40b
Debt
| Interest coverage ratio | 18.3x |
| Cash | US$1.70b |
| Equity | US$38.39b |
| Total liabilities | US$21.98b |
| Total assets | US$60.37b |
Recent financial health updates
No updates
Recent updates
S&P Global Q3: Accelerating Shares Buyback In Coming Weeks
Oct 24S&P Global: The Long-Term Trajectory And The Ratings Pull-Forward Risk
Sep 20S&P Global: Built Like A Fortress
Sep 03S&P Global Q2: Rating Recovery And Guidance Raise
Jul 30SPGI Earnings: High P/E, But Another Metric Better Reflects The Opportunity
Jul 22S&P Global: Strong Business Characteristics Make Them A Buy At This Price
Jun 15S&P Global: Aligned For Market-Beating Returns As Transition Period Continues
May 12From Ratings To Riches: Why S&P Global Deserves A Spot In Your Portfolio
May 01S&P Global: Guidance Raise Is Highly Likely Due To Strong Ratings Growth (Rating Upgrade)
Apr 11S&P Global: Everything Investors Didn't (And Shouldn't) Like In The Report
Feb 19S&P Global: Powering Global Markets At A Discount To Peers
Feb 07S&P Global: Triple Beat Incoming
Jan 18S&P Global: One Of The Most Impressive Financial Stocks On The Market
Dec 18S&P Global: Very Strong Q3 2023 That Reinforces My Buy Rating
Nov 23S&P Global: My Favorite Stock In The Market Today
Nov 03S&P Global: Great Business, But Expensive Valuation
Oct 22S&P Global: Top-Notch, Wide-Moat, And Highly Profitable - It Might Never Be Cheap
Oct 05S&P Global Is A Gem, But A Too Expensive One
Sep 11S&P Global: Rebounding From Weak Ratings Business
Sep 04S&P Global: Take Advantage Of The Post-Earnings Selloff (Rating Downgrade)
Jul 29S&P Global: High Quality Has Its Price
Jul 17S&P Global: A Collection Of High-Quality Assets With Strong Moats And Long-Term Compounding Opportunities
Jun 28What To Make Of S&P Global's 1% Dividend Yield
Jun 08Financial Position Analysis
Short Term Liabilities: SPGI's short term assets ($5.2B) do not cover its short term liabilities ($5.5B).
Long Term Liabilities: SPGI's short term assets ($5.2B) do not cover its long term liabilities ($16.5B).
Debt to Equity History and Analysis
Debt Level: SPGI's net debt to equity ratio (25.3%) is considered satisfactory.
Reducing Debt: SPGI's debt to equity ratio has reduced from 151% to 29.7% over the past 5 years.
Debt Coverage: SPGI's debt is well covered by operating cash flow (46.3%).
Interest Coverage: SPGI's interest payments on its debt are well covered by EBIT (18.3x coverage).