Zimmer Biomet Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Zimmer Biomet Holdings has a total shareholder equity of $12.6B and total debt of $6.0B, which brings its debt-to-equity ratio to 47.7%. Its total assets and total liabilities are $21.5B and $8.8B respectively. Zimmer Biomet Holdings's EBIT is $1.5B making its interest coverage ratio 7.4. It has cash and short-term investments of $393.0M.
Key information
47.7%
Debt to equity ratio
US$6.01b
Debt
Interest coverage ratio | 7.4x |
Cash | US$393.00m |
Equity | US$12.61b |
Total liabilities | US$8.85b |
Total assets | US$21.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZBH's short term assets ($4.6B) exceed its short term liabilities ($2.8B).
Long Term Liabilities: ZBH's short term assets ($4.6B) do not cover its long term liabilities ($6.0B).
Debt to Equity History and Analysis
Debt Level: ZBH's net debt to equity ratio (44.6%) is considered high.
Reducing Debt: ZBH's debt to equity ratio has reduced from 76.4% to 47.7% over the past 5 years.
Debt Coverage: ZBH's debt is well covered by operating cash flow (25%).
Interest Coverage: ZBH's interest payments on its debt are well covered by EBIT (7.4x coverage).