TMO Debt Analysis
THERMO FISHER SCIENTIFIC INC. - Total Debt & Leverage Ratios
Data as of 12/31/2025
Debt Health Rating
Good
Healthy debt levels with adequate coverage
Key Debt Metrics
$43.64B
Combined long & short-term
0.84x
Leverage ratio
5.13x
Op. income / interest
Debt Structure
Long-term Debt
Due after 1 year
Short-term Debt
Due within 1 year
Annual Interest Expense
Cost of debt per year
Net Debt
Total debt minus cash
Leverage Ratios
Debt-to-Assets
Total debt / Total assets
Debt Service Coverage
Cash flow / Interest
Debt Activity (Annual)
New Debt Issued
$5.24B
Debt Repaid
$1.41B
Net Change
$3.83B
Adding debt
Balance Sheet Context
Cash & Equivalents
$3.25B
Total Assets
$113.28B
Stockholders Equity
$51.93B
Operating Income
$1.86B
Operating Cash Flow
$1.19B
View Detailed Debt Analysis
Explore maturity schedules, corporate bonds, and risk analysis
View Full Debt ReportFrequently Asked Questions
What is TMO total debt?
TMO has total debt of $43.64B, consisting of $42.95B in long-term debt and $693.00M in short-term debt.
What is TMO debt-to-equity ratio?
TMO's debt-to-equity ratio is 0.84x. This indicates conservative leverage.
What is TMO interest coverage ratio?
TMO has an interest coverage ratio of 5.13x, meaning it generates 5.1 times its annual interest expense in operating income. This indicates strong ability to service debt.
Is TMO debt level healthy?
TMO has a debt health rating of "Good". Healthy debt levels with adequate coverage. The company has been adding to its debt.
How much is TMO net debt?
TMO's net debt (total debt minus cash) is $40.39B. This represents the actual debt burden after accounting for cash reserves.