Hologic Balance Sheet Health
Financial Health criteria checks 6/6
Hologic has a total shareholder equity of $5.0B and total debt of $2.5B, which brings its debt-to-equity ratio to 51.4%. Its total assets and total liabilities are $8.9B and $3.9B respectively. Hologic's EBIT is $940.0M making its interest coverage ratio 447.6. It has cash and short-term investments of $2.4B.
Key information
51.4%
Debt to equity ratio
US$2.54b
Debt
| Interest coverage ratio | 447.6x |
| Cash | US$2.45b |
| Equity | US$4.95b |
| Total liabilities | US$3.94b |
| Total assets | US$8.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HOLX's short term assets ($4.0B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: HOLX's short term assets ($4.0B) exceed its long term liabilities ($2.9B).
Debt to Equity History and Analysis
Debt Level: HOLX's net debt to equity ratio (1.9%) is considered satisfactory.
Reducing Debt: HOLX's debt to equity ratio has reduced from 137.8% to 51.4% over the past 5 years.
Debt Coverage: HOLX's debt is well covered by operating cash flow (46.3%).
Interest Coverage: HOLX's interest payments on its debt are well covered by EBIT (447.6x coverage).