Johnson Matthey Balance Sheet Health
Financial Health criteria checks 5/6
Johnson Matthey has a total shareholder equity of £2.4B and total debt of £1.5B, which brings its debt-to-equity ratio to 61.8%. Its total assets and total liabilities are £6.3B and £4.0B respectively. Johnson Matthey's EBIT is £365.0M making its interest coverage ratio 5.4. It has cash and short-term investments of £542.0M.
Key information
61.8%
Debt to equity ratio
UK£1.47b
Debt
| Interest coverage ratio | 5.4x |
| Cash | UK£542.00m |
| Equity | UK£2.38b |
| Total liabilities | UK£3.96b |
| Total assets | UK£6.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JMPL.Y's short term assets (£3.7B) exceed its short term liabilities (£2.5B).
Long Term Liabilities: JMPL.Y's short term assets (£3.7B) exceed its long term liabilities (£1.4B).
Debt to Equity History and Analysis
Debt Level: JMPL.Y's net debt to equity ratio (39%) is considered satisfactory.
Reducing Debt: JMPL.Y's debt to equity ratio has increased from 50.4% to 61.8% over the past 5 years.
Debt Coverage: JMPL.Y's debt is well covered by operating cash flow (40.2%).
Interest Coverage: JMPL.Y's interest payments on its debt are well covered by EBIT (5.4x coverage).