Zimmer Biomet Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Zimmer Biomet Holdings has a total shareholder equity of $12.4B and total debt of $6.6B, which brings its debt-to-equity ratio to 53.6%. Its total assets and total liabilities are $21.7B and $9.3B respectively. Zimmer Biomet Holdings's EBIT is $1.6B making its interest coverage ratio 7.7. It has cash and short-term investments of $569.0M.
Key information
53.6%
Debt to equity ratio
US$6.64b
Debt
| Interest coverage ratio | 7.7x |
| Cash | US$569.00m |
| Equity | US$12.38b |
| Total liabilities | US$9.34b |
| Total assets | US$21.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZBH's short term assets ($4.9B) exceed its short term liabilities ($3.6B).
Long Term Liabilities: ZBH's short term assets ($4.9B) do not cover its long term liabilities ($5.8B).
Debt to Equity History and Analysis
Debt Level: ZBH's net debt to equity ratio (49%) is considered high.
Reducing Debt: ZBH's debt to equity ratio has reduced from 69.1% to 53.6% over the past 5 years.
Debt Coverage: ZBH's debt is well covered by operating cash flow (23.8%).
Interest Coverage: ZBH's interest payments on its debt are well covered by EBIT (7.7x coverage).