Hologic Balance Sheet Health
Financial Health criteria checks 6/6
Hologic has a total shareholder equity of $4.8B and total debt of $2.6B, which brings its debt-to-equity ratio to 52.7%. Its total assets and total liabilities are $8.7B and $3.9B respectively. Hologic's EBIT is $903.3M making its interest coverage ratio -145.7. It has cash and short-term investments of $2.2B.
Key information
52.7%
Debt to equity ratio
US$2.55b
Debt
Interest coverage ratio | -145.7x |
Cash | US$2.19b |
Equity | US$4.84b |
Total liabilities | US$3.87b |
Total assets | US$8.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: H1OL34's short term assets ($3.8B) exceed its short term liabilities ($954.6M).
Long Term Liabilities: H1OL34's short term assets ($3.8B) exceed its long term liabilities ($2.9B).
Debt to Equity History and Analysis
Debt Level: H1OL34's net debt to equity ratio (7.5%) is considered satisfactory.
Reducing Debt: H1OL34's debt to equity ratio has reduced from 144% to 52.7% over the past 5 years.
Debt Coverage: H1OL34's debt is well covered by operating cash flow (43.3%).
Interest Coverage: H1OL34 earns more interest than it pays, so coverage of interest payments is not a concern.