Avanos Medical Balance Sheet Health
Financial Health criteria checks 6/6
Avanos Medical has a total shareholder equity of $1.2B and total debt of $168.0M, which brings its debt-to-equity ratio to 13.6%. Its total assets and total liabilities are $1.7B and $456.1M respectively. Avanos Medical's EBIT is $45.7M making its interest coverage ratio 3.8. It has cash and short-term investments of $87.7M.
Key information
13.6%
Debt to equity ratio
US$168.00m
Debt
Interest coverage ratio | 3.8x |
Cash | US$87.70m |
Equity | US$1.24b |
Total liabilities | US$456.10m |
Total assets | US$1.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8HH's short term assets ($487.0M) exceed its short term liabilities ($234.6M).
Long Term Liabilities: 8HH's short term assets ($487.0M) exceed its long term liabilities ($221.5M).
Debt to Equity History and Analysis
Debt Level: 8HH's net debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: 8HH's debt to equity ratio has reduced from 19.1% to 13.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 8HH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 8HH is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 34.6% per year.