Globus Medical Balance Sheet Health
Financial Health criteria checks 5/6
Globus Medical has a total shareholder equity of $4.0B and total debt of $417.4M, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are $5.1B and $1.1B respectively. Globus Medical's EBIT is $273.5M making its interest coverage ratio -13.6. It has cash and short-term investments of $517.8M.
Key information
10.4%
Debt to equity ratio
US$417.40m
Debt
Interest coverage ratio | -13.6x |
Cash | US$517.79m |
Equity | US$4.00b |
Total liabilities | US$1.09b |
Total assets | US$5.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GM0N's short term assets ($1.9B) exceed its short term liabilities ($392.3M).
Long Term Liabilities: GM0N's short term assets ($1.9B) exceed its long term liabilities ($695.8M).
Debt to Equity History and Analysis
Debt Level: GM0N has more cash than its total debt.
Reducing Debt: GM0N's debt to equity ratio has increased from 0% to 10.4% over the past 5 years.
Debt Coverage: GM0N's debt is well covered by operating cash flow (58.3%).
Interest Coverage: GM0N earns more interest than it pays, so coverage of interest payments is not a concern.