Ctrl K
Leverage has risen to a D/E of 0.68 with total debt of $13.8B, while goodwill of $18.1B (43% of assets) underscores acquisition-related risk, though retained earnings of $41.6B provide a solid equity cushion.
| Metric | TTM | Sep'25 | Sep'24 | Sep'23 | Sep'22 | Sep'21 | Sep'20 | Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 | Sep'08 | Sep'07 | Sep'06 | Sep'05 | Sep'04 | Sep'03 | Sep'02 | Sep'01 | Sep'00 | Sep'99 | Sep'98 | Sep'97 | Sep'96 |
|---|
| Total Current Assets | 9.65B | 8.58B | 10.19B | 13.82B | 8.51B | 8.43B | 8.81B | 7.14B | 6.62B | 8.25B | 9.96B | 10.05B | 10.87B | 11B | 10.13B | 9.35B | 8.36B | 7.65B | 9.33B | 8.06B | 7.33B | 6.84B | 6.42B | 5.5B | 4.96B | 5.32B | 5.48B | 5.12B | 5B | 4.72B | 4.19B |
| Cash & Short-Term Investments | 2.18B | 1.54B | 3.59B | 8.05B | 1.8B | 2.35B | 3.31B | 1.49B | 1.09B | 3.06B | 3.18B | 3.05B | 3.15B | 3.27B | 2.37B | 2.05B | 1.59B | 1.56B | 1.78B | 1.01B | 810M | 1.23B | 1.35B | 696M | 381M | 355.7M | 280.8M | 266.1M | 209.7M | 221.1M | 149M |
| Cash Only | 2.18B | 1.54B | 3.59B | 8.05B | 1.8B | 2.35B | 3.31B | 1.49B | 1.09B | 3.06B | 3.18B | 3.05B | 3.15B | 3.27B | 2.37B | 2.05B | 1.59B | 1.56B | 1.78B | 1.01B | 810M | 1.23B | 1.35B | 696M | 381M | 355.7M | 280.8M | 266.1M | 209.7M | 221.1M | 149M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.06B | 3.1B | 2.93B | 2.52B | 2.26B | 2.97B | 2.8B | 2.98B | 3.02B | 3.07B | 2.7B | 2.87B | 5.02B | 4.81B | 4.98B | 4.5B | 3.99B | 3.62B | 4.62B | 4.26B | 3.72B | 3.26B | 2.93B | 2.65B | 2.51B | 2.55B | 2.71B | 2.52B | 2.42B | 2.2B | 1.98B |
| Days Sales Outstanding | 60.17 | 62.83 | 61.08 | 60.6 | 59.78 | 83.86 | 60.93 | 59.3 | 63.38 | 73.46 | 67.89 | 64.47 | 103.31 | 71.14 | 74.5 | 67.84 | 69.2 | 65.78 | 67.95 | 70.26 | 68.73 | 68.68 | 68.54 | 69.3 | 66.72 | 60.81 | 63.53 | 64.36 | 65.58 | 65.3 | 64.81 |
| Inventory | 2.51B | 2.21B | 2.18B | 2.01B | 1.74B | 2.05B | 1.93B | 1.88B | 1.81B | 1.7B | 1.21B | 1.85B | 2.06B | 1.9B | 2.13B | 2.1B | 2.1B | 1.85B | 2.35B | 2.23B | 2.22B | 1.81B | 1.71B | 1.56B | 1.62B | 1.9B | 2.05B | 1.92B | 2B | 1.88B | 1.74B |
| Days Inventory Outstanding | 99.63 | 95.06 | 92.45 | 94.62 | 84.8 | 103.89 | 71.98 | 65 | 66.33 | 70.08 | 53.38 | 72.95 | 75.3 | 47 | 52.97 | 52.27 | 60.44 | 53.98 | 54.7 | 57.79 | 64.34 | 59.5 | 61.93 | 62.77 | 66.31 | 69.32 | 80.24 | 81.95 | 84.78 | 87.31 | 95 |
| Other Current Assets | 1.91B | 1.73B | 1.5B | 1.24B | 2.7B | 1.06B | 761M | 780M | 369M | 422M | 2.87B | 2.86B | 642M | 1.02B | 651M | 691M | 677M | 615M | 588M | 570M | 582M | 535M | 433M | 596M | 443M | 516.4M | 443.6M | 420.9M | 379M | 413.9M | 314.5M |
| Total Non-Current Assets | 32.55B | 33.38B | 34.05B | 28.93B | 27.17B | 16.28B | 14.08B | 13.36B | 13.77B | 11.34B | 11.78B | 12.04B | 13.31B | 13.71B | 13.69B | 14.52B | 14.48B | 12.11B | 11.71B | 11.62B | 11.34B | 10.39B | 9.95B | 9.69B | 9.58B | 9.73B | 9.68B | 8.5B | 7.66B | 6.75B | 6.29B |
| Property, Plant & Equipment | 2.86B | 3.51B | 3.5B | 2.36B | 2.24B | 3.74B | 3.69B | 3.64B | 3.56B | 3.32B | 2.93B | 2.93B | 3.8B | 3.6B | 3.51B | 3.44B | 3.29B | 3.5B | 3.51B | 3.43B | 3.22B | 3B | 2.94B | 2.96B | 3.12B | 3.29B | 3.24B | 3.15B | 3.01B | 2.74B | 2.45B |
| Fixed Asset Turnover | 6.17x | 5.14x | 5.00x | 6.42x | 6.17x | 3.46x | 4.55x | 5.04x | 4.89x | 4.60x | 4.95x | 5.55x | 4.66x | 6.84x | 6.96x | 7.05x | 6.40x | 5.74x | 7.07x | 6.45x | 6.13x | 5.76x | 5.32x | 4.71x | 4.41x | 4.66x | 4.79x | 4.52x | 4.47x | 4.50x | 4.55x |
| Goodwill | 18.12B | 18.19B | 18.07B | 14.48B | 13.95B | 7.72B | 6.73B | 6.54B | 6.46B | 5.32B | 3.91B | 6.65B | 7.18B | 7.51B | 8.03B | 8.77B | 8.66B | 7.08B | 6.56B | 6.41B | 6.01B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.7B | 3.12B | 2.78B |
| Intangible Assets | 8.69B | 9.46B | 10.44B | 6.26B | 6.57B | 2.88B | 2.47B | 2.62B | 2.75B | 1.89B | 902M | 1.53B | 1.69B | 1.67B | 1.84B | 1.97B | 2.15B | 0 | 0 | 0 | 633M | 5.48B | 5.26B | 4.94B | 4.91B | 5.18B | 5.32B | 4.26B | 0 | 0 | 0 |
| Long-Term Investments | 2.62B | 676M | 0 | 3.25B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2.24B | 1.47B | 1.99B | 2.57B | 4.41B | 1.95B | 1.19B | 565M | 1B | 810M | 4.03B | 4.33B | 637M | 926M | 319M | 339M | 387M | 388M | 1.64B | 1.77B | 1.95B | 1.91B | 1.75B | 1.79B | 1.56B | 1.26B | 1.12B | 1.08B | 944.2M | 895.1M | 1.06B |
| Total Assets | 42.21B | 41.96B | 44.25B | 42.75B | 35.67B | 24.71B | 22.88B | 20.5B | 20.39B | 19.59B | 21.74B | 22.09B | 24.18B | 24.71B | 23.82B | 23.86B | 22.84B | 19.76B | 21.04B | 19.68B | 18.67B | 17.23B | 16.36B | 15.19B | 14.54B | 15.05B | 15.16B | 13.62B | 12.66B | 11.46B | 10.48B |
| Asset Turnover | 0.44x | 0.43x | 0.40x | 0.35x | 0.39x | 0.52x | 0.73x | 0.90x | 0.85x | 0.78x | 0.67x | 0.74x | 0.73x | 1.00x | 1.02x | 1.02x | 0.92x | 1.02x | 1.18x | 1.12x | 1.06x | 1.00x | 0.95x | 0.92x | 0.95x | 1.02x | 1.03x | 1.05x | 1.06x | 1.07x | 1.06x |
| Asset Growth % | -7.2% | -5.16% | 3.51% | 19.83% | 44.33% | 8.01% | 11.64% | 0.52% | 4.09% | -9.91% | -1.56% | -8.64% | -2.16% | 3.75% | -0.18% | 4.46% | 15.58% | -6.07% | 6.91% | 5.4% | 8.39% | 5.29% | 7.68% | 4.46% | -3.33% | -0.78% | 11.31% | 7.61% | 10.44% | 9.37% | 11.51% |
| Total Current Liabilities | 10.77B | 9.8B | 5.74B | 5.03B | 7.78B | 6.25B | 5.79B | 5.98B | 6.16B | 5.04B | 8.01B | 7.8B | 8.45B | 7.63B | 7.13B | 6.46B | 5.85B | 4.96B | 6.57B | 5.55B | 5.37B | 4.93B | 4.34B | 3.42B | 4.4B | 5.38B | 5.22B | 4.59B | 4.02B | 3.84B | 3.02B |
| Accounts Payable | 1.61B | 1.38B | 1.33B | 1.27B | 1.28B | 2.11B | 1.72B | 1.87B | 1.94B | 1.78B | 1.52B | 1.54B | 2.95B | 2.73B | 2.77B | 2.68B | 2.41B | 1.95B | 2.7B | 2.5B | 2.31B | 1.84B | 1.63B | 1.4B | 1.27B | 1.13B | 1.21B | 1.07B | 1.04B | 942.1M | 791.3M |
| Days Payables Outstanding | 60.67 | 59.45 | 56.61 | 60.14 | 62.12 | 106.83 | 64.03 | 64.79 | 71.09 | 73.39 | 67.03 | 60.71 | 108.02 | 67.58 | 68.97 | 66.63 | 69.16 | 56.72 | 62.88 | 64.9 | 66.75 | 60.42 | 59.17 | 56.28 | 51.78 | 41.23 | 47.32 | 45.59 | 44.02 | 43.72 | 43.11 |
| Short-Term Debt | 5.73B | 4.8B | 532M | 691M | 2.24B | 1.03B | 1.16B | 1.44B | 1.62B | 862M | 2.58B | 2.55B | 2.46B | 1.59B | 1.51B | 877M | 480M | 577M | 1.22B | 404M | 898M | 970M | 902M | 391M | 1.56B | 2.45B | 2.35B | 1.95B | 1.52B | 1.45B | 967M |
| Deferred Revenue (Current) | 4.42B | 1.03B | 1.04B | 1.76B | 1.53B | 730M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.06B |
| Other Current Liabilities | -1.34B | 830M | 788M | 690M | 2.21B | 1.69B | 0 | 0 | 0 | 0 | 1.6B | 1.57B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 304M | 238M | 281M | 113M | 116M | 124M | 184M | 264.9M | 263.1M | 207.9M | 213.3M | 199.5M |
| Current Ratio | 0.90x | 0.88x | 1.77x | 2.75x | 1.09x | 1.35x | 1.52x | 1.19x | 1.07x | 1.64x | 1.24x | 1.29x | 1.29x | 1.44x | 1.42x | 1.45x | 1.43x | 1.54x | 1.42x | 1.45x | 1.36x | 1.39x | 1.48x | 1.61x | 1.13x | 0.99x | 1.05x | 1.12x | 1.24x | 1.23x | 1.39x |
| Quick Ratio | 0.66x | 0.65x | 1.40x | 2.35x | 0.87x | 1.02x | 1.19x | 0.88x | 0.78x | 1.30x | 1.09x | 1.05x | 1.04x | 1.19x | 1.12x | 1.12x | 1.07x | 1.17x | 1.06x | 1.05x | 0.95x | 1.02x | 1.09x | 1.15x | 0.76x | 0.64x | 0.66x | 0.70x | 0.75x | 0.74x | 0.81x |
| Cash Conversion Cycle | 99.13 | 98.44 | 96.91 | 95.09 | 82.47 | 80.92 | 68.88 | 59.51 | 58.63 | 70.15 | 54.23 | 76.71 | 70.58 | 50.55 | 58.5 | 53.48 | 60.48 | 63.05 | 59.77 | 63.15 | 66.33 | 67.76 | 71.3 | 75.78 | 81.25 | 88.91 | 96.45 | 100.72 | 106.34 | 108.89 | 116.7 |
| Total Non-Current Liabilities | 11.04B | 11.87B | 10.99B | 11.12B | 11.58B | 8.55B | 8.65B | 6.25B | 5.24B | 5.77B | 6.11B | 6.16B | 5.56B | 6.37B | 6.24B | 6.84B | 7.04B | 6.1B | 5.35B | 5.17B | 4.97B | 4.9B | 4.78B | 5.32B | 4.4B | 3.55B | 3.54B | 2.85B | 2.83B | 2.2B | 2.11B |
| Long-Term Debt | 7.53B | 8.32B | 7.16B | 7.61B | 8.26B | 5.79B | 6.33B | 4.28B | 3.14B | 3.79B | 4.05B | 4.29B | 3.56B | 4.05B | 3.79B | 4.32B | 4.59B | 4B | 3.3B | 3.37B | 3.13B | 3.13B | 3.14B | 3.73B | 2.99B | 2.26B | 2.25B | 1.32B | 1.06B | 570.7M | 772.6M |
| Capital Lease Obligations | 2.12B | 505M | 511M | 404M | 312M | 413M | 373M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 7.05B | 1.82B | 2.14B | 1.97B | 1.71B | 711M | 261M | 327M | 484M | 425M | 210M | 270M | 572M | 823M | 592M | 361M | 0 | 0 | 533M | 519M | 724M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.27B | 1.22B | 1.19B | 1.13B | 1.29B | 1.63B | 1.69B | 1.64B | 1.61B | 1.55B | 1.84B | 1.6B | 1.43B | 1.49B | 1.86B | 2.16B | 2.46B | 2.1B | 1.52B | 1.28B | 1.12B | 1.77B | 1.65B | 1.58B | 1.41B | 1.3B | 1.29B | 1.54B | 1.78B | 1.63B | 1.33B |
| Total Liabilities | 21.81B | 21.67B | 16.74B | 16.15B | 19.36B | 14.79B | 14.44B | 12.22B | 11.4B | 10.82B | 14.13B | 13.96B | 14.01B | 13.99B | 13.38B | 13.31B | 12.89B | 11.21B | 11.74B | 10.72B | 10.34B | 9.83B | 9.12B | 8.73B | 8.8B | 8.93B | 8.76B | 7.44B | 6.86B | 6.04B | 5.13B |
| Total Debt | 13.8B | 13.76B | 8.36B | 8.71B | 10.81B | 7.23B | 7.86B | 5.72B | 4.76B | 4.66B | 6.63B | 6.84B | 6.02B | 5.64B | 5.29B | 5.2B | 5.07B | 4.58B | 4.52B | 3.78B | 4.03B | 4.1B | 4.04B | 4.12B | 4.55B | 4.7B | 4.6B | 3.27B | 2.58B | 2.02B | 1.74B |
| Net Debt | 11.62B | 12.21B | 4.77B | 654M | 9.01B | 4.88B | 4.54B | 4.23B | 3.67B | 1.59B | 3.45B | 3.79B | 2.88B | 2.37B | 2.93B | 3.15B | 3.47B | 3.02B | 2.74B | 2.77B | 3.22B | 2.87B | 2.69B | 3.43B | 4.17B | 4.35B | 4.32B | 3B | 2.37B | 1.79B | 1.59B |
| Debt / Equity | 0.68x | 0.68x | 0.30x | 0.33x | 0.66x | 0.73x | 0.93x | 0.69x | 0.53x | 0.53x | 0.87x | 0.84x | 0.59x | 0.53x | 0.51x | 0.49x | 0.51x | 0.53x | 0.50x | 0.42x | 0.48x | 0.55x | 0.56x | 0.64x | 0.79x | 0.77x | 0.72x | 0.53x | 0.44x | 0.37x | 0.32x |
| Debt / EBITDA | 2.73x | 2.72x | 1.92x | 2.28x | 3.38x | 2.66x | 2.16x | 1.45x | 1.28x | 1.40x | 2.02x | 1.82x | 1.48x | 1.17x | 1.10x | 1.09x | 1.17x | 1.18x | 1.01x | 0.92x | 1.11x | 1.31x | 1.43x | 1.65x | 1.86x | 1.58x | 1.43x | 1.11x | 0.94x | 0.81x | 0.77x |
| Net Debt / EBITDA | 2.30x | 2.42x | 1.09x | 0.17x | 2.82x | 1.79x | 1.25x | 1.07x | 0.99x | 0.48x | 1.05x | 1.01x | 0.71x | 0.49x | 0.61x | 0.66x | 0.80x | 0.78x | 0.61x | 0.68x | 0.89x | 0.92x | 0.95x | 1.37x | 1.70x | 1.46x | 1.34x | 1.02x | 0.87x | 0.72x | 0.70x |
| Interest Coverage | 6.93x | 8.58x | 7.25x | 12.12x | 11.67x | 11.61x | 14.34x | 15.22x | 14.20x | 12.62x | 11.77x | 20.23x | 15.62x | 14.66x | 13.93x | 15.76x | 11.21x | 10.94x | 15.72x | 7.53x | 13.36x | 10.53x | 9.68x | - | - | - | - | - | - | - | - |
| Total Equity | 20.39B | 20.3B | 27.51B | 26.6B | 16.32B | 9.92B | 8.45B | 8.27B | 8.99B | 8.77B | 7.62B | 8.13B | 10.17B | 10.72B | 10.44B | 10.55B | 9.95B | 8.71B | 9.11B | 8.96B | 8.33B | 7.4B | 7.24B | 6.46B | 5.74B | 6.11B | 6.4B | 6.18B | 5.8B | 5.42B | 5.35B |
| Equity Growth % | -41.27% | -26.21% | 3.43% | 63.02% | 64.43% | 17.47% | 2.1% | -7.98% | 2.51% | 15.12% | -6.27% | -20.06% | -5.14% | 2.64% | -1.03% | 6.02% | 14.31% | -4.47% | 1.67% | 7.6% | 12.57% | 2.24% | 12.04% | 12.52% | -6.1% | -4.51% | 3.6% | 6.5% | 7.06% | 1.26% | 9.91% |
| Book Value per Share | 36.35 | 35.82 | 47.93 | 46.07 | 27.52 | 16.49 | 13.93 | 13.33 | 14.15 | 13.63 | 11.78 | 12.01 | 14.44 | 14.83 | 14.21 | 14.00 | 13.15 | 11.47 | 11.54 | 11.15 | 10.11 | 8.85 | 8.58 | 7.68 | 6.82 | 7.12 | 7.42 | 7.06 | 6.54 | 6.08 | 5.97 |
| Total Shareholders' Equity | 20.38B | 20.28B | 21.64B | 20.69B | 10.36B | 9.88B | 8.4B | 8.23B | 8.95B | 8.72B | 7.57B | 8.08B | 10.12B | 10.59B | 10.29B | 10.4B | 9.79B | 8.55B | 9.11B | 8.77B | 8.15B | 7.4B | 7.24B | 6.46B | 5.74B | 6.11B | 6.4B | 6.18B | 5.8B | 5.42B | 5.35B |
| Common Stock | 477M | 477M | 477M | 477M | 477M | 477M | 477M | 477M | 477M | 477M | 477M | 477M | 477M | 477M | 477M | 477M | 477M | 477M | 477M | 477M | 238M | 238M | 238M | 238M | 238M | 238M | 238.3M | 238.3M | 238.3M | 238.3M | 238.3M |
| Retained Earnings | 41.58B | 40.6B | 40.83B | 40.07B | 28.05B | 26.05B | 24.95B | 24.2B | 23.07B | 22B | 21.72B | 21.31B | 19.87B | 18.93B | 18.11B | 17.31B | 15.87B | 14.71B | 14B | 12.54B | 11.31B | 10.2B | 9.47B | 8.89B | 8.46B | 8.99B | 8.61B | 7.8B | 7.06B | 6.35B | 5.71B |
| Treasury Stock | -20.9B | -20.06B | -18.97B | -18.67B | -16.74B | -16.29B | -15.92B | -15.11B | -13.94B | -13.03B | -12.83B | -12.26B | -9.81B | -8.98B | -7.88B | -7.14B | -6.32B | -6.3B | -5.65B | -4.65B | -3.87B | -3.09B | -2.47B | -2.35B | -2.36B | -2.4B | -1.92B | -1.61B | -1.28B | -963.9M | -575.7M |
| Accumulated OCI | -895M | -821M | -868M | -1.25B | -1.49B | -872M | -1.58B | -1.72B | -1.01B | -1.02B | -2B | -1.62B | -575M | -189M | -731M | -562M | -426M | -496M | 141M | 382M | 306M | -65M | -88M | -386M | -647M | -741M | -578.6M | -271.6M | -236.2M | -205.9M | -29.2M |
| Minority Interest | 15M | 16M | 5.87B | 5.91B | 5.95B | 40M | 42M | 40M | 43M | 52M | 50M | 47M | 48M | 133M | 147M | 152M | 160M | 0 | 188M | 191M | 176M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Integration and geopolitical exposure
Emerson's total assets have stabilized near $42B over the past year, with equity rising to $20.4B in Q3 2026, per recent SEC filings, indicating a steadying balance sheet after portfolio shifts.
The balance sheet has contracted from $46.4B in Q2 2024 to $42.2B in Q3 2026, reflecting divestitures and the NI acquisition. Equity has remained resilient, growing from $20.9B to $20.4B despite the transformation, suggesting retained earnings are offsetting any impairments. The stability in total assets and equity implies the company is emerging from a period of structural change with a solid capital base.
Total debt rose to $13.8B in Q3 2026, lifting D/E to 0.68 from 0.29 a year earlier, as reported in financial statements, reflecting acquisition financing that appears within manageable bounds.
The D/E ratio has more than doubled year-over-year, driven by debt issuance to fund the NI acquisition. However, at 0.68, leverage remains below peers like Honeywell (2.24) and Rockwell (0.98), indicating a conservative capital structure. The debt load appears strategic rather than distress-driven, supported by robust cash flow generation that can service interest and principal.
Goodwill stands at $18.1B, representing 43% of total assets, while PPE is only $2.9B, per balance sheet data, underscoring a software-centric model with limited tangible asset intensity.
The high goodwill balance, largely from the NI acquisition, signals a pivot to high-margin software and test & measurement businesses. PPE has remained flat around $2.9B, indicating low capital intensity and a shift away from heavy manufacturing. This mix suggests the company's value lies in intellectual property and customer relationships, but it also raises impairment risk if growth expectations falter.
Retained earnings reached $41.6B in Q3 2026, up from $40.1B a year earlier, per reported figures, indicating consistent profit retention despite aggressive capital returns.
Equity has grown modestly to $20.4B, with retained earnings increasing by $1.5B over the past year, reflecting strong profitability. The company continues to return capital via dividends and buybacks, yet retained earnings still grow, suggesting earnings power exceeds capital distribution. This balance supports a high-quality equity base, though stock-based compensation of $68M in Q3 2026 may modestly dilute shareholders.
Current ratio fell to 0.90 in Q3 2026 from 1.18 a year earlier, while cash rose to $2.2B, as per balance sheet data, indicating a tighter but still adequate liquidity position.
The current ratio below 1.0 suggests potential short-term obligations exceed current assets, a shift from prior quarters. However, cash balances have increased to $2.2B, and operating cash flow of $1.4B in Q3 2026 provides a strong buffer. The liquidity strain appears tied to debt maturities and working capital timing, but the robust cash generation mitigates near-term risk.
With goodwill at $18.1B, over 40% of total assets, any shortfall in NI acquisition synergies could trigger impairment charges, per balance sheet data, potentially eroding equity.
The substantial goodwill balance, largely from the NI acquisition, represents a significant risk if the expected growth and synergies fail to materialize. While current performance is strong, a downturn in the test and measurement market or integration missteps could lead to impairment, directly reducing equity. Investors should monitor segment performance and management's ability to execute on cross-selling opportunities.
Quick answers to the most common questions about buying EMR stock.
As of 2025, Emerson Electric Co. (EMR) had total assets of $41.96B including $8.58B in current assets.
Emerson Electric Co. (EMR) carries total debt of $13.76B, offset by $1.54B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Emerson Electric Co. (EMR) has total shareholders' equity (book value) of $20.28B ($35.82 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Emerson Electric Co. (EMR) reported a current ratio of 0.88x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.