CONMED Balance Sheet Health
Financial Health criteria checks 3/6
CONMED has a total shareholder equity of $932.9M and total debt of $938.8M, which brings its debt-to-equity ratio to 100.6%. Its total assets and total liabilities are $2.3B and $1.4B respectively. CONMED's EBIT is $147.6M making its interest coverage ratio 3.9. It has cash and short-term investments of $38.5M.
Key information
100.6%
Debt to equity ratio
US$938.79m
Debt
| Interest coverage ratio | 3.9x |
| Cash | US$38.47m |
| Equity | US$932.90m |
| Total liabilities | US$1.38b |
| Total assets | US$2.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EC8's short term assets ($641.0M) exceed its short term liabilities ($282.3M).
Long Term Liabilities: EC8's short term assets ($641.0M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: EC8's net debt to equity ratio (96.5%) is considered high.
Reducing Debt: EC8's debt to equity ratio has reduced from 113.2% to 100.6% over the past 5 years.
Debt Coverage: EC8's debt is not well covered by operating cash flow (19.2%).
Interest Coverage: EC8's interest payments on its debt are well covered by EBIT (3.9x coverage).