Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Eaton Corp. plc, solvency ratios (quarterly data)
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Eaton Corp. plc debt to equity ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Eaton Corp. plc debt to equity ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Eaton Corp. plc debt to capital ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Eaton Corp. plc debt to capital ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Eaton Corp. plc debt to assets ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Eaton Corp. plc debt to assets ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Eaton Corp. plc financial leverage ratio decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Eaton Corp. plc interest coverage ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Equity
Eaton Corp. plc, debt to equity calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Short-term debt | 8) | 24) | 94) | 87) | 324) | 903) | 1,392) | 1,116) | 13) | 428) | 3,373) | 464) | 1) | 2) | 139) | 337) | 255) | 2) | 2) | 741) | ||||||
| Current portion of long-term debt | 1,017) | 975) | 402) | 8) | 10) | 23) | 2,030) | 1,728) | 1,735) | 116) | 8) | 1,012) | 1,047) | 1,251) | 1,223) | 250) | 248) | 6) | 5) | 42) | ||||||
| Long-term debt, excluding current portion | 8,244) | 8,150) | 8,804) | 8,701) | 8,321) | 8,082) | 6,277) | 6,763) | 6,831) | 8,520) | 8,721) | 8,682) | 7,010) | 6,948) | 6,906) | 7,842) | 7,819) | 8,013) | 8,079) | 6,782) | ||||||
| Total debt | 9,269) | 9,149) | 9,300) | 8,796) | 8,655) | 9,008) | 9,699) | 9,607) | 8,579) | 9,064) | 12,102) | 10,158) | 8,058) | 8,201) | 8,268) | 8,429) | 8,322) | 8,021) | 8,086) | 7,565) | ||||||
| Total Eaton shareholders’ equity | 19,036) | 18,383) | 17,953) | 17,449) | 17,038) | 16,068) | 16,380) | 16,620) | 16,413) | 15,971) | 15,408) | 14,995) | 14,930) | 14,476) | 14,188) | 14,245) | 16,082) | 15,848) | 16,306) | 16,233) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to equity1 | 0.49 | 0.50 | 0.52 | 0.50 | 0.51 | 0.56 | 0.59 | 0.58 | 0.52 | 0.57 | 0.79 | 0.68 | 0.54 | 0.57 | 0.58 | 0.59 | 0.52 | 0.51 | 0.50 | 0.47 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||
| Boeing Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 117.95 | ||||||
| Caterpillar Inc. | 1.94 | 1.81 | 2.07 | 2.04 | 2.33 | 2.34 | 2.35 | 2.20 | 2.29 | 2.21 | 2.23 | 2.30 | 2.42 | 2.55 | 2.81 | 2.61 | 2.58 | 2.54 | 2.45 | 2.32 | ||||||
| Cummins Inc. | 0.76 | 0.70 | 0.74 | 0.81 | 0.88 | 0.97 | 0.51 | 0.49 | 0.49 | 0.49 | 0.50 | 0.50 | 0.52 | 0.53 | 0.53 | 0.47 | 0.32 | 0.34 | 0.27 | 0.31 | ||||||
| General Electric Co. | 0.77 | 0.73 | 0.70 | 0.71 | 0.89 | 0.97 | 0.94 | 0.86 | 0.87 | 1.68 | 1.90 | 2.12 | 2.11 | 2.39 | 2.43 | 2.41 | 3.21 | 3.34 | 2.95 | 3.06 | ||||||
| Honeywell International Inc. | 1.29 | 1.18 | 1.24 | 1.13 | 1.17 | 0.96 | 1.09 | 1.05 | 1.06 | 1.19 | 1.19 | 1.19 | 1.28 | 1.23 | 1.22 | 0.91 | 0.87 | 1.03 | 0.91 | 0.86 | ||||||
| Lockheed Martin Corp. | 2.55 | 1.88 | 1.90 | 1.62 | 1.68 | 0.96 | 1.02 | 1.16 | 1.07 | 1.21 | 1.87 | 1.93 | 2.02 | 2.56 | 3.38 | 3.68 | 4.05 | 3.48 | 4.75 | 5.65 | ||||||
| RTX Corp. | 0.73 | 0.51 | 0.49 | 0.47 | 0.44 | 0.48 | 0.45 | 0.43 | 0.43 | 0.44 | 0.44 | 0.44 | 0.44 | 0.48 | 0.49 | 1.18 | 1.04 | 1.10 | 1.11 | 1.14 | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Debt to equity = Total debt ÷ Total Eaton shareholders’ equity
= 9,269 ÷ 19,036 = 0.49
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Eaton Corp. plc debt to equity ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Equity (including Operating Lease Liability)
Eaton Corp. plc, debt to equity (including operating lease liability) calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Short-term debt | 8) | 24) | 94) | 87) | 324) | 903) | 1,392) | 1,116) | 13) | 428) | 3,373) | 464) | 1) | 2) | 139) | 337) | 255) | 2) | 2) | 741) | ||||||
| Current portion of long-term debt | 1,017) | 975) | 402) | 8) | 10) | 23) | 2,030) | 1,728) | 1,735) | 116) | 8) | 1,012) | 1,047) | 1,251) | 1,223) | 250) | 248) | 6) | 5) | 42) | ||||||
| Long-term debt, excluding current portion | 8,244) | 8,150) | 8,804) | 8,701) | 8,321) | 8,082) | 6,277) | 6,763) | 6,831) | 8,520) | 8,721) | 8,682) | 7,010) | 6,948) | 6,906) | 7,842) | 7,819) | 8,013) | 8,079) | 6,782) | ||||||
| Total debt | 9,269) | 9,149) | 9,300) | 8,796) | 8,655) | 9,008) | 9,699) | 9,607) | 8,579) | 9,064) | 12,102) | 10,158) | 8,058) | 8,201) | 8,268) | 8,429) | 8,322) | 8,021) | 8,086) | 7,565) | ||||||
| Noncurrent operating lease liabilities | 533) | 486) | 482) | 466) | 459) | 447) | 386) | 342) | 337) | 343) | 366) | 328) | 326) | 323) | 320) | 334) | 331) | 333) | 311) | 308) | ||||||
| Total debt (including operating lease liability) | 9,802) | 9,635) | 9,782) | 9,262) | 9,114) | 9,455) | 10,085) | 9,949) | 8,916) | 9,407) | 12,468) | 10,486) | 8,384) | 8,524) | 8,588) | 8,763) | 8,653) | 8,354) | 8,397) | 7,873) | ||||||
| Total Eaton shareholders’ equity | 19,036) | 18,383) | 17,953) | 17,449) | 17,038) | 16,068) | 16,380) | 16,620) | 16,413) | 15,971) | 15,408) | 14,995) | 14,930) | 14,476) | 14,188) | 14,245) | 16,082) | 15,848) | 16,306) | 16,233) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | 0.51 | 0.52 | 0.54 | 0.53 | 0.53 | 0.59 | 0.62 | 0.60 | 0.54 | 0.59 | 0.81 | 0.70 | 0.56 | 0.59 | 0.61 | 0.62 | 0.54 | 0.53 | 0.51 | 0.48 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||
| RTX Corp. | 0.76 | 0.53 | 0.51 | 0.50 | 0.46 | 0.50 | 0.47 | 0.46 | 0.45 | 0.46 | 0.46 | 0.46 | 0.46 | 0.50 | 0.51 | 1.23 | 1.10 | 1.15 | 1.17 | 1.19 | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Eaton shareholders’ equity
= 9,802 ÷ 19,036 = 0.51
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Eaton Corp. plc debt to equity ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Capital
Eaton Corp. plc, debt to capital calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Short-term debt | 8) | 24) | 94) | 87) | 324) | 903) | 1,392) | 1,116) | 13) | 428) | 3,373) | 464) | 1) | 2) | 139) | 337) | 255) | 2) | 2) | 741) | ||||||
| Current portion of long-term debt | 1,017) | 975) | 402) | 8) | 10) | 23) | 2,030) | 1,728) | 1,735) | 116) | 8) | 1,012) | 1,047) | 1,251) | 1,223) | 250) | 248) | 6) | 5) | 42) | ||||||
| Long-term debt, excluding current portion | 8,244) | 8,150) | 8,804) | 8,701) | 8,321) | 8,082) | 6,277) | 6,763) | 6,831) | 8,520) | 8,721) | 8,682) | 7,010) | 6,948) | 6,906) | 7,842) | 7,819) | 8,013) | 8,079) | 6,782) | ||||||
| Total debt | 9,269) | 9,149) | 9,300) | 8,796) | 8,655) | 9,008) | 9,699) | 9,607) | 8,579) | 9,064) | 12,102) | 10,158) | 8,058) | 8,201) | 8,268) | 8,429) | 8,322) | 8,021) | 8,086) | 7,565) | ||||||
| Total Eaton shareholders’ equity | 19,036) | 18,383) | 17,953) | 17,449) | 17,038) | 16,068) | 16,380) | 16,620) | 16,413) | 15,971) | 15,408) | 14,995) | 14,930) | 14,476) | 14,188) | 14,245) | 16,082) | 15,848) | 16,306) | 16,233) | ||||||
| Total capital | 28,305) | 27,532) | 27,253) | 26,245) | 25,693) | 25,076) | 26,079) | 26,227) | 24,992) | 25,035) | 27,510) | 25,153) | 22,988) | 22,677) | 22,456) | 22,674) | 24,404) | 23,869) | 24,392) | 23,798) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to capital1 | 0.33 | 0.33 | 0.34 | 0.34 | 0.34 | 0.36 | 0.37 | 0.37 | 0.34 | 0.36 | 0.44 | 0.40 | 0.35 | 0.36 | 0.37 | 0.37 | 0.34 | 0.34 | 0.33 | 0.32 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||
| Boeing Co. | 1.49 | 1.47 | 1.42 | 1.39 | 1.39 | 1.45 | 1.35 | 1.36 | 1.35 | 1.30 | 1.36 | 1.40 | 1.40 | 1.24 | 1.23 | 1.33 | 1.46 | 1.20 | 1.38 | 0.99 | ||||||
| Caterpillar Inc. | 0.66 | 0.64 | 0.67 | 0.67 | 0.70 | 0.70 | 0.70 | 0.69 | 0.70 | 0.69 | 0.69 | 0.70 | 0.71 | 0.72 | 0.74 | 0.72 | 0.72 | 0.72 | 0.71 | 0.70 | ||||||
| Cummins Inc. | 0.43 | 0.41 | 0.43 | 0.45 | 0.47 | 0.49 | 0.34 | 0.33 | 0.33 | 0.33 | 0.33 | 0.34 | 0.34 | 0.35 | 0.35 | 0.32 | 0.24 | 0.25 | 0.21 | 0.24 | ||||||
| General Electric Co. | 0.43 | 0.42 | 0.41 | 0.41 | 0.47 | 0.49 | 0.48 | 0.46 | 0.47 | 0.63 | 0.65 | 0.68 | 0.68 | 0.70 | 0.71 | 0.71 | 0.76 | 0.77 | 0.75 | 0.75 | ||||||
| Honeywell International Inc. | 0.56 | 0.54 | 0.55 | 0.53 | 0.54 | 0.49 | 0.52 | 0.51 | 0.51 | 0.54 | 0.54 | 0.54 | 0.56 | 0.55 | 0.55 | 0.48 | 0.46 | 0.51 | 0.48 | 0.46 | ||||||
| Lockheed Martin Corp. | 0.72 | 0.65 | 0.66 | 0.62 | 0.63 | 0.49 | 0.50 | 0.54 | 0.52 | 0.55 | 0.65 | 0.66 | 0.67 | 0.72 | 0.77 | 0.79 | 0.80 | 0.78 | 0.83 | 0.85 | ||||||
| RTX Corp. | 0.42 | 0.34 | 0.33 | 0.32 | 0.31 | 0.32 | 0.31 | 0.30 | 0.30 | 0.30 | 0.31 | 0.31 | 0.31 | 0.32 | 0.33 | 0.54 | 0.51 | 0.52 | 0.53 | 0.53 | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 9,269 ÷ 28,305 = 0.33
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Eaton Corp. plc debt to capital ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Capital (including Operating Lease Liability)
Eaton Corp. plc, debt to capital (including operating lease liability) calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Short-term debt | 8) | 24) | 94) | 87) | 324) | 903) | 1,392) | 1,116) | 13) | 428) | 3,373) | 464) | 1) | 2) | 139) | 337) | 255) | 2) | 2) | 741) | ||||||
| Current portion of long-term debt | 1,017) | 975) | 402) | 8) | 10) | 23) | 2,030) | 1,728) | 1,735) | 116) | 8) | 1,012) | 1,047) | 1,251) | 1,223) | 250) | 248) | 6) | 5) | 42) | ||||||
| Long-term debt, excluding current portion | 8,244) | 8,150) | 8,804) | 8,701) | 8,321) | 8,082) | 6,277) | 6,763) | 6,831) | 8,520) | 8,721) | 8,682) | 7,010) | 6,948) | 6,906) | 7,842) | 7,819) | 8,013) | 8,079) | 6,782) | ||||||
| Total debt | 9,269) | 9,149) | 9,300) | 8,796) | 8,655) | 9,008) | 9,699) | 9,607) | 8,579) | 9,064) | 12,102) | 10,158) | 8,058) | 8,201) | 8,268) | 8,429) | 8,322) | 8,021) | 8,086) | 7,565) | ||||||
| Noncurrent operating lease liabilities | 533) | 486) | 482) | 466) | 459) | 447) | 386) | 342) | 337) | 343) | 366) | 328) | 326) | 323) | 320) | 334) | 331) | 333) | 311) | 308) | ||||||
| Total debt (including operating lease liability) | 9,802) | 9,635) | 9,782) | 9,262) | 9,114) | 9,455) | 10,085) | 9,949) | 8,916) | 9,407) | 12,468) | 10,486) | 8,384) | 8,524) | 8,588) | 8,763) | 8,653) | 8,354) | 8,397) | 7,873) | ||||||
| Total Eaton shareholders’ equity | 19,036) | 18,383) | 17,953) | 17,449) | 17,038) | 16,068) | 16,380) | 16,620) | 16,413) | 15,971) | 15,408) | 14,995) | 14,930) | 14,476) | 14,188) | 14,245) | 16,082) | 15,848) | 16,306) | 16,233) | ||||||
| Total capital (including operating lease liability) | 28,838) | 28,018) | 27,735) | 26,711) | 26,152) | 25,523) | 26,465) | 26,569) | 25,329) | 25,378) | 27,876) | 25,481) | 23,314) | 23,000) | 22,776) | 23,008) | 24,735) | 24,202) | 24,703) | 24,106) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.34 | 0.34 | 0.35 | 0.35 | 0.35 | 0.37 | 0.38 | 0.37 | 0.35 | 0.37 | 0.45 | 0.41 | 0.36 | 0.37 | 0.38 | 0.38 | 0.35 | 0.35 | 0.34 | 0.33 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||
| RTX Corp. | 0.43 | 0.35 | 0.34 | 0.33 | 0.32 | 0.33 | 0.32 | 0.31 | 0.31 | 0.31 | 0.32 | 0.32 | 0.32 | 0.33 | 0.34 | 0.55 | 0.52 | 0.54 | 0.54 | 0.54 | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 9,802 ÷ 28,838 = 0.34
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Eaton Corp. plc debt to capital ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Assets
Eaton Corp. plc, debt to assets calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Short-term debt | 8) | 24) | 94) | 87) | 324) | 903) | 1,392) | 1,116) | 13) | 428) | 3,373) | 464) | 1) | 2) | 139) | 337) | 255) | 2) | 2) | 741) | ||||||
| Current portion of long-term debt | 1,017) | 975) | 402) | 8) | 10) | 23) | 2,030) | 1,728) | 1,735) | 116) | 8) | 1,012) | 1,047) | 1,251) | 1,223) | 250) | 248) | 6) | 5) | 42) | ||||||
| Long-term debt, excluding current portion | 8,244) | 8,150) | 8,804) | 8,701) | 8,321) | 8,082) | 6,277) | 6,763) | 6,831) | 8,520) | 8,721) | 8,682) | 7,010) | 6,948) | 6,906) | 7,842) | 7,819) | 8,013) | 8,079) | 6,782) | ||||||
| Total debt | 9,269) | 9,149) | 9,300) | 8,796) | 8,655) | 9,008) | 9,699) | 9,607) | 8,579) | 9,064) | 12,102) | 10,158) | 8,058) | 8,201) | 8,268) | 8,429) | 8,322) | 8,021) | 8,086) | 7,565) | ||||||
| Total assets | 38,432) | 37,289) | 36,772) | 35,517) | 35,014) | 34,364) | 35,153) | 35,208) | 34,027) | 34,128) | 36,804) | 34,080) | 31,824) | 30,985) | 30,348) | 30,845) | 32,805) | 31,895) | 32,244) | 31,649) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to assets1 | 0.24 | 0.25 | 0.25 | 0.25 | 0.25 | 0.26 | 0.28 | 0.27 | 0.25 | 0.27 | 0.33 | 0.30 | 0.25 | 0.26 | 0.27 | 0.27 | 0.25 | 0.25 | 0.25 | 0.24 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||
| Boeing Co. | 0.38 | 0.39 | 0.39 | 0.41 | 0.42 | 0.42 | 0.42 | 0.43 | 0.42 | 0.43 | 0.43 | 0.42 | 0.42 | 0.38 | 0.38 | 0.27 | 0.20 | 0.19 | 0.15 | 0.12 | ||||||
| Caterpillar Inc. | 0.43 | 0.43 | 0.44 | 0.44 | 0.45 | 0.45 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.47 | 0.47 | 0.50 | 0.50 | 0.49 | 0.48 | 0.49 | 0.46 | 0.45 | ||||||
| Cummins Inc. | 0.21 | 0.23 | 0.24 | 0.25 | 0.26 | 0.27 | 0.18 | 0.17 | 0.18 | 0.17 | 0.17 | 0.18 | 0.18 | 0.19 | 0.19 | 0.17 | 0.12 | 0.13 | 0.11 | 0.12 | ||||||
| General Electric Co. | 0.13 | 0.13 | 0.13 | 0.14 | 0.17 | 0.17 | 0.18 | 0.18 | 0.18 | 0.27 | 0.27 | 0.29 | 0.30 | 0.31 | 0.32 | 0.32 | 0.34 | 0.35 | 0.34 | 0.34 | ||||||
| Honeywell International Inc. | 0.33 | 0.33 | 0.34 | 0.32 | 0.31 | 0.28 | 0.31 | 0.31 | 0.30 | 0.33 | 0.33 | 0.34 | 0.35 | 0.35 | 0.35 | 0.28 | 0.27 | 0.31 | 0.28 | 0.28 | ||||||
| Lockheed Martin Corp. | 0.33 | 0.31 | 0.31 | 0.29 | 0.29 | 0.22 | 0.22 | 0.23 | 0.23 | 0.23 | 0.23 | 0.24 | 0.24 | 0.25 | 0.26 | 0.26 | 0.27 | 0.28 | 0.28 | 0.29 | ||||||
| RTX Corp. | 0.27 | 0.22 | 0.22 | 0.21 | 0.20 | 0.21 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.33 | 0.31 | 0.32 | 0.33 | 0.33 | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 9,269 ÷ 38,432 = 0.24
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Eaton Corp. plc debt to assets ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Assets (including Operating Lease Liability)
Eaton Corp. plc, debt to assets (including operating lease liability) calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Short-term debt | 8) | 24) | 94) | 87) | 324) | 903) | 1,392) | 1,116) | 13) | 428) | 3,373) | 464) | 1) | 2) | 139) | 337) | 255) | 2) | 2) | 741) | ||||||
| Current portion of long-term debt | 1,017) | 975) | 402) | 8) | 10) | 23) | 2,030) | 1,728) | 1,735) | 116) | 8) | 1,012) | 1,047) | 1,251) | 1,223) | 250) | 248) | 6) | 5) | 42) | ||||||
| Long-term debt, excluding current portion | 8,244) | 8,150) | 8,804) | 8,701) | 8,321) | 8,082) | 6,277) | 6,763) | 6,831) | 8,520) | 8,721) | 8,682) | 7,010) | 6,948) | 6,906) | 7,842) | 7,819) | 8,013) | 8,079) | 6,782) | ||||||
| Total debt | 9,269) | 9,149) | 9,300) | 8,796) | 8,655) | 9,008) | 9,699) | 9,607) | 8,579) | 9,064) | 12,102) | 10,158) | 8,058) | 8,201) | 8,268) | 8,429) | 8,322) | 8,021) | 8,086) | 7,565) | ||||||
| Noncurrent operating lease liabilities | 533) | 486) | 482) | 466) | 459) | 447) | 386) | 342) | 337) | 343) | 366) | 328) | 326) | 323) | 320) | 334) | 331) | 333) | 311) | 308) | ||||||
| Total debt (including operating lease liability) | 9,802) | 9,635) | 9,782) | 9,262) | 9,114) | 9,455) | 10,085) | 9,949) | 8,916) | 9,407) | 12,468) | 10,486) | 8,384) | 8,524) | 8,588) | 8,763) | 8,653) | 8,354) | 8,397) | 7,873) | ||||||
| Total assets | 38,432) | 37,289) | 36,772) | 35,517) | 35,014) | 34,364) | 35,153) | 35,208) | 34,027) | 34,128) | 36,804) | 34,080) | 31,824) | 30,985) | 30,348) | 30,845) | 32,805) | 31,895) | 32,244) | 31,649) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.26 | 0.26 | 0.27 | 0.26 | 0.26 | 0.28 | 0.29 | 0.28 | 0.26 | 0.28 | 0.34 | 0.31 | 0.26 | 0.28 | 0.28 | 0.28 | 0.26 | 0.26 | 0.26 | 0.25 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||
| RTX Corp. | 0.28 | 0.23 | 0.23 | 0.22 | 0.21 | 0.22 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.35 | 0.33 | 0.34 | 0.34 | 0.34 | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 9,802 ÷ 38,432 = 0.26
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Eaton Corp. plc debt to assets ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Financial Leverage
Eaton Corp. plc, financial leverage calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Total assets | 38,432) | 37,289) | 36,772) | 35,517) | 35,014) | 34,364) | 35,153) | 35,208) | 34,027) | 34,128) | 36,804) | 34,080) | 31,824) | 30,985) | 30,348) | 30,845) | 32,805) | 31,895) | 32,244) | 31,649) | ||||||
| Total Eaton shareholders’ equity | 19,036) | 18,383) | 17,953) | 17,449) | 17,038) | 16,068) | 16,380) | 16,620) | 16,413) | 15,971) | 15,408) | 14,995) | 14,930) | 14,476) | 14,188) | 14,245) | 16,082) | 15,848) | 16,306) | 16,233) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Financial leverage1 | 2.02 | 2.03 | 2.05 | 2.04 | 2.06 | 2.14 | 2.15 | 2.12 | 2.07 | 2.14 | 2.39 | 2.27 | 2.13 | 2.14 | 2.14 | 2.17 | 2.04 | 2.01 | 1.98 | 1.95 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||
| Boeing Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 961.67 | ||||||
| Caterpillar Inc. | 4.49 | 4.24 | 4.68 | 4.61 | 5.16 | 5.19 | 5.16 | 4.82 | 5.02 | 4.85 | 4.85 | 4.87 | 5.11 | 5.13 | 5.57 | 5.35 | 5.38 | 5.22 | 5.34 | 5.10 | ||||||
| Cummins Inc. | 3.62 | 3.01 | 3.07 | 3.27 | 3.38 | 3.55 | 2.80 | 2.86 | 2.80 | 2.85 | 2.87 | 2.83 | 2.81 | 2.80 | 2.82 | 2.84 | 2.63 | 2.61 | 2.45 | 2.54 | ||||||
| General Electric Co. | 5.96 | 5.47 | 5.23 | 5.20 | 5.16 | 5.75 | 5.35 | 4.92 | 4.93 | 6.33 | 7.09 | 7.30 | 7.13 | 7.64 | 7.62 | 7.43 | 9.40 | 9.42 | 8.71 | 8.96 | ||||||
| Honeywell International Inc. | 3.88 | 3.56 | 3.60 | 3.54 | 3.73 | 3.40 | 3.55 | 3.45 | 3.47 | 3.60 | 3.56 | 3.53 | 3.68 | 3.51 | 3.50 | 3.25 | 3.17 | 3.32 | 3.23 | 3.12 | ||||||
| Lockheed Martin Corp. | 7.67 | 6.11 | 6.17 | 5.66 | 5.71 | 4.35 | 4.53 | 5.15 | 4.64 | 5.38 | 7.99 | 8.15 | 8.43 | 10.25 | 13.22 | 14.29 | 15.20 | 12.66 | 16.79 | 19.34 | ||||||
| RTX Corp. | 2.71 | 2.33 | 2.24 | 2.22 | 2.19 | 2.25 | 2.26 | 2.20 | 2.21 | 2.23 | 2.23 | 2.24 | 2.25 | 2.37 | 2.40 | 3.54 | 3.34 | 3.44 | 3.41 | 3.46 | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Financial leverage = Total assets ÷ Total Eaton shareholders’ equity
= 38,432 ÷ 19,036 = 2.02
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Eaton Corp. plc financial leverage ratio decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Interest Coverage
Eaton Corp. plc, interest coverage calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Net income attributable to Eaton ordinary shareholders | 945) | 891) | 744) | 638) | 722) | 607) | 601) | 532) | 551) | 629) | 506) | 458) | 475) | 446) | 51) | 438) | 452) | 601) | 636) | 522) | ||||||
| Add: Net income attributable to noncontrolling interest | 2) | 1) | 1) | 1) | 2) | 1) | —) | 1) | —) | 1) | —) | 1) | 1) | 1) | 3) | —) | 1) | 1) | —) | —) | ||||||
| Add: Income tax expense | 141) | 187) | 153) | 123) | 128) | 112) | 119) | 86) | 74) | 483) | 114) | 79) | 77) | 78) | (7) | 183) | 79) | 116) | 102) | 81) | ||||||
| Add: Interest expense, net | 26) | 33) | 42) | 50) | 44) | 37) | 31) | 32) | 32) | 37) | 37) | 38) | 36) | 41) | 38) | 34) | 53) | 54) | 63) | 66) | ||||||
| Earnings before interest and tax (EBIT) | 1,114) | 1,112) | 940) | 812) | 896) | 757) | 751) | 651) | 657) | 1,150) | 657) | 576) | 589) | 566) | 85) | 655) | 585) | 772) | 801) | 669) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Interest coverage1 | 26.34 | 22.25 | 19.68 | 19.85 | 21.22 | 21.33 | 24.31 | 22.57 | 21.11 | 20.08 | 15.71 | 11.87 | 12.72 | 11.39 | 11.72 | 13.79 | 11.98 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||
| Boeing Co. | 0.18 | -0.06 | -0.85 | -0.53 | -0.98 | -2.54 | -1.40 | -1.31 | -0.88 | -2.29 | -2.55 | -4.26 | -5.71 | -3.83 | -3.86 | -6.13 | -2.19 | — | — | — | ||||||
| Caterpillar Inc. | 26.66 | 24.81 | 23.80 | 21.33 | 20.80 | 22.05 | 20.08 | 19.10 | 17.88 | 14.11 | 11.79 | 9.28 | 8.80 | 9.94 | 13.07 | 17.44 | 19.62 | — | — | — | ||||||
| Cummins Inc. | 5.34 | 10.82 | 11.07 | 13.16 | 15.17 | 19.51 | 25.97 | 26.46 | 25.78 | 26.19 | 26.97 | 24.49 | 24.38 | 23.22 | 23.71 | 27.44 | 27.00 | — | — | — | ||||||
| General Electric Co. | 10.12 | 9.41 | 8.49 | 6.73 | 1.88 | -1.66 | -1.16 | -1.49 | -0.96 | 2.15 | 1.11 | 0.65 | 2.59 | 2.16 | 2.11 | 2.64 | 1.27 | — | — | — | ||||||
| Honeywell International Inc. | 10.36 | 10.68 | 12.45 | 14.34 | 16.41 | 20.95 | 20.60 | 21.35 | 22.09 | 20.98 | 18.89 | 16.79 | 17.75 | 18.10 | 20.68 | 23.18 | 22.17 | — | — | — | ||||||
| Lockheed Martin Corp. | 9.84 | 10.42 | 11.74 | 10.58 | 11.72 | 13.31 | 10.88 | 14.12 | 14.27 | 13.67 | 15.97 | 15.44 | 14.93 | 14.16 | 13.35 | 12.63 | 12.09 | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Interest coverage
= (EBITQ4 2023
+ EBITQ3 2023
+ EBITQ2 2023
+ EBITQ1 2023)
÷ (Interest expenseQ4 2023
+ Interest expenseQ3 2023
+ Interest expenseQ2 2023
+ Interest expenseQ1 2023)
= (1,114 + 1,112 + 940 + 812)
÷ (26 + 33 + 42 + 50)
= 26.34
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Eaton Corp. plc interest coverage ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |