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 $162.0M, which brings its debt-to-equity ratio to 13.2%. Its total assets and total liabilities are $1.7B and $426.5M respectively. Avanos Medical's EBIT is $56.3M making its interest coverage ratio 7.6. It has cash and short-term investments of $89.0M.
Key information
13.2%
Debt to equity ratio
US$162.00m
Debt
| Interest coverage ratio | 7.6x |
| Cash | US$89.00m |
| Equity | US$1.23b |
| Total liabilities | US$426.50m |
| Total assets | US$1.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8HH's short term assets ($472.6M) exceed its short term liabilities ($212.9M).
Long Term Liabilities: 8HH's short term assets ($472.6M) exceed its long term liabilities ($213.6M).
Debt to Equity History and Analysis
Debt Level: 8HH's net debt to equity ratio (5.9%) is considered satisfactory.
Reducing Debt: 8HH's debt to equity ratio has reduced from 19.6% to 13.2% over the past 5 years.
Debt Coverage: 8HH's debt is well covered by operating cash flow (34.3%).
Interest Coverage: 8HH's interest payments on its debt are well covered by EBIT (7.6x coverage).