TE Connectivity Balance Sheet Health
Financial Health criteria checks 6/6
TE Connectivity has a total shareholder equity of $12.5B and total debt of $4.4B, which brings its debt-to-equity ratio to 34.9%. Its total assets and total liabilities are $22.9B and $10.4B respectively. TE Connectivity's EBIT is $2.9B making its interest coverage ratio -172.7. It has cash and short-term investments of $1.3B.
Key information
34.9%
Debt to equity ratio
US$4.35b
Debt
| Interest coverage ratio | -172.7x |
| Cash | US$1.32b |
| Equity | US$12.49b |
| Total liabilities | US$10.37b |
| Total assets | US$22.85b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TEL's short term assets ($7.6B) exceed its short term liabilities ($4.7B).
Long Term Liabilities: TEL's short term assets ($7.6B) exceed its long term liabilities ($5.6B).
Debt to Equity History and Analysis
Debt Level: TEL's net debt to equity ratio (24.3%) is considered satisfactory.
Reducing Debt: TEL's debt to equity ratio has reduced from 37.8% to 34.9% over the past 5 years.
Debt Coverage: TEL's debt is well covered by operating cash flow (79.9%).
Interest Coverage: TEL earns more interest than it pays, so coverage of interest payments is not a concern.