Smith & Nephew Balance Sheet Health
Financial Health criteria checks 4/6
Smith & Nephew has a total shareholder equity of $5.2B and total debt of $3.5B, which brings its debt-to-equity ratio to 66.7%. Its total assets and total liabilities are $10.5B and $5.3B respectively. Smith & Nephew's EBIT is $735.0M making its interest coverage ratio 6.4. It has cash and short-term investments of $568.0M.
Key information
66.7%
Debt to equity ratio
US$3.47b
Debt
| Interest coverage ratio | 6.4x |
| Cash | US$568.00m |
| Equity | US$5.21b |
| Total liabilities | US$5.34b |
| Total assets | US$10.54b |
Recent financial health updates
No updates
Recent updates
Smith & Nephew: Ready To Reap Demographic, Turnaround Dividends
Nov 10Smith & Nephew Delivering On Its Turnaround Promise
Aug 22Smith & Nephew: Work To Be Done But Still Long-Term Potential
Jun 12Smith & Nephew: Orthopedics Growth Continues To Drive Sales Forward
Dec 28Smith & Nephew Getting More Interesting As A Contrarian Idea
Oct 12Smith & Nephew: Entering New Markets But Growth Is Slow Still
Aug 01Smith & Nephew reports FY earnings; initiates FY23 guidance
Feb 21Smith & Nephew: Potential Only Has Value If You Can Execute
Dec 14Smith & Nephew: Still A Buy Despite Short-Term Challenges
Sep 26Smith & Nephew 1H 2022 Earnings Preview
Jul 27Smith+Nephew launches app Wound Compass to help reduce variation in wound care
Jul 12Smith & Nephew: Fair Price For An Attractive Medical Devices Supplier
Jun 01Smith & Nephew: Valuation Looking More Attractive
Jan 26Smith & Nephew Is A Premium Brand That Should Deliver Something Special
Nov 06Smith & Nephew Leveraged To Post-Pandemic Normalization And Self-Help
Sep 02Smith & Nephew plc: Improving Performance Reflected In Price
Jun 18Smith & Nephew: Pandemic Long Tail Reduces Attractiveness
Jan 14Smith & Nephew: A Long-Term Buy And Hold In Medical Devices
Nov 09Financial Position Analysis
Short Term Liabilities: SNN's short term assets ($4.5B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: SNN's short term assets ($4.5B) exceed its long term liabilities ($3.6B).
Debt to Equity History and Analysis
Debt Level: SNN's net debt to equity ratio (55.8%) is considered high.
Reducing Debt: SNN's debt to equity ratio has increased from 40.7% to 66.7% over the past 5 years.
Debt Coverage: SNN's debt is well covered by operating cash flow (21.1%).
Interest Coverage: SNN's interest payments on its debt are well covered by EBIT (6.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 09:29 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/06/29 |
| Annual Earnings | 2023/12/31 |
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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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
Smith & Nephew plc is covered by 57 analysts. 18 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 |
|---|---|
| Kamla Singh | AlphaValue |
| Christoph Gubler | Bank Vontobel AG |
| Hassan Al-Wakeel | Barclays |