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
$39.87B
Combined long & short-term
0.75x
Leverage ratio
21.34x
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
$7.76B
Debt Repaid
$2.41B
Net Change
$5.35B
Adding debt
Balance Sheet Context
Cash & Equivalents
$9.85B
Total Assets
$110.34B
Stockholders Equity
$53.41B
Operating Income
$7.75B
Operating Cash Flow
$7.82B
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 $39.87B, consisting of $39.17B 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 0.75x. This indicates conservative leverage.
What is TMO interest coverage ratio?
TMO has an interest coverage ratio of 21.34x, meaning it generates 21.3 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 $30.01B. This represents the actual debt burden after accounting for cash reserves.