Varex Imaging Balance Sheet Health
Financial Health criteria checks 4/6
Varex Imaging has a total shareholder equity of $590.2M and total debt of $442.9M, which brings its debt-to-equity ratio to 75%. Its total assets and total liabilities are $1.3B and $661.5M respectively. Varex Imaging's EBIT is $60.4M making its interest coverage ratio 2.6. It has cash and short-term investments of $188.9M.
Key information
75.0%
Debt to equity ratio
US$442.90m
Debt
Interest coverage ratio | 2.6x |
Cash | US$188.90m |
Equity | US$590.20m |
Total liabilities | US$661.50m |
Total assets | US$1.25b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VI4's short term assets ($651.9M) exceed its short term liabilities ($154.1M).
Long Term Liabilities: VI4's short term assets ($651.9M) exceed its long term liabilities ($507.4M).
Debt to Equity History and Analysis
Debt Level: VI4's net debt to equity ratio (43%) is considered high.
Reducing Debt: VI4's debt to equity ratio has reduced from 77.6% to 75% over the past 5 years.
Debt Coverage: VI4's debt is well covered by operating cash flow (27.6%).
Interest Coverage: VI4's interest payments on its debt are not well covered by EBIT (2.6x coverage).