Emerson Electric

The balance sheet carries A2/A investment‑grade ratings and ample liquidity. After fully exiting Copeland in 2024 and consolidating AspenTech in 2025, total debt at December 31, 2025 was about 13.4 billion against 1.75 billion of cash, and TTM free cash flow of roughly 3.15 billion.

Leverage is manageable for the rating category and the company plans to return about 2.2 billion to shareholders in fiscal 2026 while sustaining investment. Capex is structurally low at roughly 2 to 3 percent of sales, which supports strong cash conversion through cycles. Interest coverage remains solid.

Key watch‑items are commercial paper usage and integration‑related amortization, but overall resiliency is high.