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).