Merit Medical Systems Balance Sheet Health
Financial Health criteria checks 5/6
Merit Medical Systems has a total shareholder equity of $1.5B and total debt of $731.8M, which brings its debt-to-equity ratio to 49.2%. Its total assets and total liabilities are $2.6B and $1.1B respectively. Merit Medical Systems's EBIT is $166.3M making its interest coverage ratio 16.8. It has cash and short-term investments of $341.8M.
Key information
49.18%
Debt to equity ratio
US$731.80m
Debt
| Interest coverage ratio | 16.8x |
| Cash | US$341.82m |
| Equity | US$1.49b |
| Total liabilities | US$1.10b |
| Total assets | US$2.59b |
Recent financial health updates
Merit Medical Systems (NASDAQ:MMSI) Seems To Use Debt Rather Sparingly
Feb 10
Is Merit Medical Systems (NASDAQ:MMSI) A Risky Investment?
Nov 01Recent updates
Calculating The Fair Value Of Merit Medical Systems, Inc. (NASDAQ:MMSI)
Jul 14If EPS Growth Is Important To You, Merit Medical Systems (NASDAQ:MMSI) Presents An Opportunity
Jun 29Merit Medical Systems: A Quality Business Judged On Its Merits
May 22Risks To Shareholder Returns Are Elevated At These Prices For Merit Medical Systems, Inc. (NASDAQ:MMSI)
May 21We Take A Look At Why Merit Medical Systems, Inc.'s (NASDAQ:MMSI) CEO Has Earned Their Pay Packet
May 07Merit Medical Systems' (NASDAQ:MMSI) Returns On Capital Are Heading Higher
Apr 11Is Now An Opportune Moment To Examine Merit Medical Systems, Inc. (NASDAQ:MMSI)?
Mar 30Here's Why We Think Merit Medical Systems (NASDAQ:MMSI) Is Well Worth Watching
Mar 18Merit Medical: A Success Story That Keeps Getting Better
Mar 16A Look At The Fair Value Of Merit Medical Systems, Inc. (NASDAQ:MMSI)
Mar 06Merit Medical Systems (NASDAQ:MMSI) Seems To Use Debt Rather Sparingly
Feb 10Why We're Not Concerned About Merit Medical Systems, Inc.'s (NASDAQ:MMSI) Share Price
Jan 17Merit Medical Systems: Solid Execution, Stretched Valuations
Jan 08Returns Are Gaining Momentum At Merit Medical Systems (NASDAQ:MMSI)
Dec 23Is Now An Opportune Moment To Examine Merit Medical Systems, Inc. (NASDAQ:MMSI)?
Dec 11Is Now The Time To Put Merit Medical Systems (NASDAQ:MMSI) On Your Watchlist?
Nov 29Merit Medical Systems, Inc. (NASDAQ:MMSI) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year
Nov 02Is Merit Medical Systems (NASDAQ:MMSI) A Risky Investment?
Nov 01Merit Medical Systems - Impressive Momentum
Sep 17The Price Is Right For Merit Medical Systems, Inc. (NASDAQ:MMSI)
Sep 17Why Merit Medical Systems, Inc. (NASDAQ:MMSI) Could Be Worth Watching
Sep 04
China Market And New Products Propel Medical Equipment Giant To New Heights
Enhanced international market performance, notably in China, hints at potential market share and revenue increases.Merit Medical Systems (NASDAQ:MMSI) Is Doing The Right Things To Multiply Its Share Price
Aug 22Merit Medical Systems: Steady Wins The Day
Jul 05Merit Medical: Undervalued With Multiple Growth Drivers In Play
Jun 15Merit Medical Systems: Solid Performer, Fully Valued
Mar 03Financial Position Analysis
Short Term Liabilities: MMSI's short term assets ($923.1M) exceed its short term liabilities ($225.6M).
Long Term Liabilities: MMSI's short term assets ($923.1M) exceed its long term liabilities ($872.4M).
Debt to Equity History and Analysis
Debt Level: MMSI's net debt to equity ratio (26.2%) is considered satisfactory.
Reducing Debt: MMSI's debt to equity ratio has increased from 44.8% to 49.2% over the past 5 years.
Debt Coverage: MMSI's debt is well covered by operating cash flow (32.8%).
Interest Coverage: MMSI's interest payments on its debt are well covered by EBIT (16.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/08/12 05:38 |
| End of Day Share Price | 2025/08/12 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Merit Medical Systems, Inc. is covered by 22 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Rescott | Baird |
| Michael Petusky | Barrington Research Associates, Inc. |
| Travis Steed | BofA Global Research |