Quest Diagnostics Balance Sheet Health
Financial Health criteria checks 3/6
Quest Diagnostics has a total shareholder equity of $6.9B and total debt of $6.3B, which brings its debt-to-equity ratio to 90.3%. Its total assets and total liabilities are $16.1B and $9.2B respectively. Quest Diagnostics's EBIT is $1.3B making its interest coverage ratio 7.6. It has cash and short-term investments of $764.0M.
Key information
90.3%
Debt to equity ratio
US$6.25b
Debt
| Interest coverage ratio | 7.6x |
| Cash | US$764.00m |
| Equity | US$6.92b |
| Total liabilities | US$9.17b |
| Total assets | US$16.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: Q1UE34's short term assets ($2.6B) exceed its short term liabilities ($2.1B).
Long Term Liabilities: Q1UE34's short term assets ($2.6B) do not cover its long term liabilities ($7.1B).
Debt to Equity History and Analysis
Debt Level: Q1UE34's net debt to equity ratio (79.3%) is considered high.
Reducing Debt: Q1UE34's debt to equity ratio has increased from 69.4% to 90.3% over the past 5 years.
Debt Coverage: Q1UE34's debt is well covered by operating cash flow (22.3%).
Interest Coverage: Q1UE34's interest payments on its debt are well covered by EBIT (7.6x coverage).