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 $2.9B, which brings its debt-to-equity ratio to 55.3%. Its total assets and total liabilities are $10.0B and $4.8B respectively. Smith & Nephew's EBIT is $682.0M making its interest coverage ratio 7. It has cash and short-term investments of $302.0M.
Key information
55.3%
Debt to equity ratio
US$2.89b
Debt
| Interest coverage ratio | 7x |
| Cash | US$302.00m |
| Equity | US$5.22b |
| Total liabilities | US$4.77b |
| Total assets | US$9.99b |
Recent financial health updates
No updates
Recent updates
Smith & 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 ($4.0B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: SNN's short term assets ($4.0B) exceed its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: SNN's net debt to equity ratio (49.5%) is considered high.
Reducing Debt: SNN's debt to equity ratio has increased from 30.1% to 55.3% 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 (7x coverage).