Scotts Miracle-Gro Balance Sheet Health
Financial Health criteria checks 1/6
Scotts Miracle-Gro has a total shareholder equity of $-390.6M and total debt of $2.2B, which brings its debt-to-equity ratio to -570.1%. Its total assets and total liabilities are $2.9B and $3.3B respectively. Scotts Miracle-Gro's EBIT is $355.1M making its interest coverage ratio 2.2. It has cash and short-term investments of $71.6M.
Key information
-570.1%
Debt to equity ratio
US$2.23b
Debt
| Interest coverage ratio | 2.2x |
| Cash | US$71.60m |
| Equity | -US$390.60m |
| Total liabilities | US$3.26b |
| Total assets | US$2.87b |
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 13Recent updates
Scotts Miracle-Gro: Mixed Execution And Limited Future Debt Reduction Cap Upside (Downgrade)
Nov 20The Scotts Miracle-Gro Company Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next
Nov 09Scotts Miracle-Gro (NYSE:SMG) Has Announced A Dividend Of $0.66
Nov 08Unpleasant Surprises Could Be In Store For The Scotts Miracle-Gro Company's (NYSE:SMG) Shares
Sep 08Capital Allocation Trends At Scotts Miracle-Gro (NYSE:SMG) Aren't Ideal
Aug 21Scotts Miracle-Gro (NYSE:SMG) Is Due To Pay A Dividend Of $0.66
Aug 03Calculating The Fair Value Of The Scotts Miracle-Gro Company (NYSE:SMG)
Jul 17Scotts Miracle-Gro (NYSE:SMG) Could Be At Risk Of Shrinking As A Company
Apr 28Is 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 19Financial 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 (30%).
Interest Coverage: SMG's interest payments on its debt are not well covered by EBIT (2.2x coverage).