Merit Medical Systems Balance Sheet Health
Financial Health criteria checks 4/6
Merit Medical Systems has a total shareholder equity of $1.2B and total debt of $823.0M, which brings its debt-to-equity ratio to 68.5%. Its total assets and total liabilities are $2.3B and $1.1B respectively. Merit Medical Systems's EBIT is $127.5M making its interest coverage ratio 9.8. It has cash and short-term investments of $588.5M.
Key information
68.5%
Debt to equity ratio
US$823.01m
Debt
Interest coverage ratio | 9.8x |
Cash | US$588.54m |
Equity | US$1.20b |
Total liabilities | US$1.12b |
Total assets | US$2.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MM3's short term assets ($1.1B) exceed its short term liabilities ($203.6M).
Long Term Liabilities: MM3's short term assets ($1.1B) exceed its long term liabilities ($919.7M).
Debt to Equity History and Analysis
Debt Level: MM3's net debt to equity ratio (19.5%) is considered satisfactory.
Reducing Debt: MM3's debt to equity ratio has increased from 42.4% to 68.5% over the past 5 years.
Debt Coverage: MM3's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: MM3's interest payments on its debt are well covered by EBIT (9.8x coverage).