Shockwave Medical Balance Sheet Health
Financial Health criteria checks 5/6
Shockwave Medical has a total shareholder equity of $751.8M and total debt of $732.8M, which brings its debt-to-equity ratio to 97.5%. Its total assets and total liabilities are $1.6B and $892.0M respectively. Shockwave Medical's EBIT is $168.6M making its interest coverage ratio -123.4. It has cash and short-term investments of $1.0B.
Key information
97.5%
Debt to equity ratio
US$732.81m
Debt
Interest coverage ratio | -123.4x |
Cash | US$1.03b |
Equity | US$751.76m |
Total liabilities | US$891.99m |
Total assets | US$1.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 36M's short term assets ($1.3B) exceed its short term liabilities ($92.3M).
Long Term Liabilities: 36M's short term assets ($1.3B) exceed its long term liabilities ($799.7M).
Debt to Equity History and Analysis
Debt Level: 36M has more cash than its total debt.
Reducing Debt: 36M's debt to equity ratio has increased from 11.7% to 97.5% over the past 5 years.
Debt Coverage: 36M's debt is well covered by operating cash flow (27%).
Interest Coverage: 36M earns more interest than it pays, so coverage of interest payments is not a concern.