Qiagen Balance Sheet Health
Financial Health criteria checks 6/6
Qiagen has a total shareholder equity of $3.4B and total debt of $1.5B, which brings its debt-to-equity ratio to 42.8%. Its total assets and total liabilities are $5.6B and $2.2B respectively. Qiagen's EBIT is $166.6M making its interest coverage ratio -6. It has cash and short-term investments of $890.2M.
Key information
42.8%
Debt to equity ratio
US$1.46b
Debt
Interest coverage ratio | -6x |
Cash | US$890.24m |
Equity | US$3.41b |
Total liabilities | US$2.18b |
Total assets | US$5.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QGE2's short term assets ($1.8B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: QGE2's short term assets ($1.8B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: QGE2's net debt to equity ratio (16.7%) is considered satisfactory.
Reducing Debt: QGE2's debt to equity ratio has reduced from 67.5% to 42.8% over the past 5 years.
Debt Coverage: QGE2's debt is well covered by operating cash flow (39.5%).
Interest Coverage: QGE2 earns more interest than it pays, so coverage of interest payments is not a concern.