QuidelOrtho Balance Sheet Health
Financial Health criteria checks 1/6
QuidelOrtho has a total shareholder equity of $3.2B and total debt of $2.6B, which brings its debt-to-equity ratio to 80.5%. Its total assets and total liabilities are $6.8B and $3.6B respectively. QuidelOrtho's EBIT is $127.6M making its interest coverage ratio 0.7. It has cash and short-term investments of $146.0M.
Key information
80.5%
Debt to equity ratio
US$2.57b
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$146.00m |
| Equity | US$3.19b |
| Total liabilities | US$3.61b |
| Total assets | US$6.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QL1A's short term assets ($1.4B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: QL1A's short term assets ($1.4B) do not cover its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: QL1A's net debt to equity ratio (75.9%) is considered high.
Reducing Debt: QL1A's debt to equity ratio has increased from 3.9% to 80.5% over the past 5 years.
Debt Coverage: QL1A's debt is not well covered by operating cash flow (3.9%).
Interest Coverage: QL1A's interest payments on its debt are not well covered by EBIT (0.7x coverage).