Scotts Miracle-Gro Balance Sheet Health
Financial Health criteria checks 1/6
Scotts Miracle-Gro has a total shareholder equity of $-385.4M and total debt of $3.0B, which brings its debt-to-equity ratio to -780.5%. Its total assets and total liabilities are $3.7B and $4.1B respectively. Scotts Miracle-Gro's EBIT is $262.7M making its interest coverage ratio 1.5. It has cash and short-term investments of $24.8M.
Key information
-780.5%
Debt to equity ratio
US$3.01b
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$24.80m |
| Equity | -US$385.40m |
| Total liabilities | US$4.10b |
| Total assets | US$3.72b |
Recent financial health updates
These 4 Measures Indicate That Scotts Miracle-Gro (NYSE:SMG) Is Using Debt In A Risky Way
Oct 21
Scotts Miracle-Gro (NYSE:SMG) Use Of Debt Could Be Considered Risky
Jun 23Scotts Miracle-Gro (NYSE:SMG) Has A Somewhat Strained Balance Sheet
Mar 13Is Scotts Miracle-Gro (NYSE:SMG) A Risky Investment?
Oct 24Recent updates
Is It Time To Consider Buying The Scotts Miracle-Gro Company (NYSE:SMG)?
Apr 08Scotts Miracle-Gro: Encouraging Update Boosts Credibility (Rating Upgrade)
Apr 08Scotts Miracle-Gro (NYSE:SMG) Is Due To Pay A Dividend Of $0.66
Jan 26Getting In Cheap On The Scotts Miracle-Gro Company (NYSE:SMG) Is Unlikely
Jan 18Scotts-Miracle: Worse Yet To Come
Jan 08Scotts Miracle-Gro (NYSE:SMG) Will Pay A Dividend Of $0.66
Nov 04The Scotts Miracle-Gro Company: Cautiously Optimistic, I Recommend Patience For Now
Nov 02These 4 Measures Indicate That Scotts Miracle-Gro (NYSE:SMG) Is Using Debt In A Risky Way
Oct 21Slowing Rates Of Return At Scotts Miracle-Gro (NYSE:SMG) Leave Little Room For Excitement
Oct 03Is There An Opportunity With The Scotts Miracle-Gro Company's (NYSE:SMG) 46% Undervaluation?
Sep 11The Scotts Miracle-Gro: Real Concerns In A Stormy Environment
Aug 21Scotts Miracle-Gro (NYSE:SMG) Has Announced A Dividend Of $0.66
Aug 05When Should You Buy The Scotts Miracle-Gro Company (NYSE:SMG)?
Jul 09Scotts Miracle-Gro (NYSE:SMG) Use Of Debt Could Be Considered Risky
Jun 23The Scotts Miracle-Gro Company Has Shown Some Resilience
Jun 09Is The Scotts Miracle-Gro Company (NYSE:SMG) Trading At A 24% Discount?
Jun 08Scotts Miracle-Gro (NYSE:SMG) Will Pay A Dividend Of $0.66
May 23Returns On Capital At Scotts Miracle-Gro (NYSE:SMG) Paint A Concerning Picture
May 16Scotts Miracle-Gro (NYSE:SMG) Is Due To Pay A Dividend Of $0.66
Apr 28Why The Scotts Miracle-Gro Company (NYSE:SMG) Could Be Worth Watching
Apr 01Scotts Miracle-Gro (NYSE:SMG) Has A Somewhat Strained Balance Sheet
Mar 13Scotts Miracle-Gro (NYSE:SMG) Has Affirmed Its Dividend Of $0.66
Feb 10Scotts Miracle-Gro Q1 2023 Earnings Preview
Jan 31Scotts Miracle-Gro's (NYSE:SMG) Dividend Will Be $0.66
Jan 27Scotts Miracle-Gro: Long-Term Growth Potential
Jan 22There Are Reasons To Feel Uneasy About Scotts Miracle-Gro's (NYSE:SMG) Returns On Capital
Jan 19What Does The Scotts Miracle-Gro Company's (NYSE:SMG) Share Price Indicate?
Dec 11Scotts Miracle-Gro (NYSE:SMG) Will Pay A Dividend Of $0.66
Nov 17Scotts Miracle-Gro: Threatened By Changing Consumer Preferences, High Leverage, And Poor Investment Choices
Nov 16Scotts Miracle-Gro declares $0.66 dividend
Nov 04Is Scotts Miracle-Gro (NYSE:SMG) A Risky Investment?
Oct 24Scotts Miracle-Gro Has Upside Even Without A Marijuana Recovery
Oct 10Be Wary Of Scotts Miracle-Gro (NYSE:SMG) And Its Returns On Capital
Oct 04Scotts Miracle-Gro: Deep Value And Takeover Thoughts
Aug 15Scotts Miracle-Gro (NYSE:SMG) Has Announced A Dividend Of $0.66
Aug 06Financial Position Analysis
Short Term Liabilities: SMG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SMG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: SMG has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SMG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: SMG's debt is well covered by operating cash flow (20.6%).
Interest Coverage: SMG's interest payments on its debt are not well covered by EBIT (1.5x coverage).