Johnson Matthey Balance Sheet Health
Financial Health criteria checks 4/6
Johnson Matthey has a total shareholder equity of £2.4B and total debt of £1.5B, which brings its debt-to-equity ratio to 62.3%. Its total assets and total liabilities are £6.5B and £4.1B respectively. Johnson Matthey's EBIT is £423.0M making its interest coverage ratio 6.9. It has cash and short-term investments of £493.0M.
Key information
62.3%
Debt to equity ratio
UK£1.52b
Debt
Interest coverage ratio | 6.9x |
Cash | UK£493.00m |
Equity | UK£2.43b |
Total liabilities | UK£4.08b |
Total assets | UK£6.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JMPL.Y's short term assets (£3.9B) exceed its short term liabilities (£2.6B).
Long Term Liabilities: JMPL.Y's short term assets (£3.9B) exceed its long term liabilities (£1.5B).
Debt to Equity History and Analysis
Debt Level: JMPL.Y's net debt to equity ratio (42%) is considered high.
Reducing Debt: JMPL.Y's debt to equity ratio has increased from 46.2% to 62.3% over the past 5 years.
Debt Coverage: JMPL.Y's debt is well covered by operating cash flow (25.2%).
Interest Coverage: JMPL.Y's interest payments on its debt are well covered by EBIT (6.9x coverage).