Qiagen Balance Sheet Health
Financial Health criteria checks 6/6
Qiagen has a total shareholder equity of $3.8B and total debt of $1.6B, which brings its debt-to-equity ratio to 42.2%. Its total assets and total liabilities are $6.1B and $2.3B respectively. Qiagen's EBIT is $445.2M making its interest coverage ratio -17.4. It has cash and short-term investments of $1.1B.
Key information
42.2%
Debt to equity ratio
US$1.61b
Debt
Interest coverage ratio | -17.4x |
Cash | US$1.06b |
Equity | US$3.81b |
Total liabilities | US$2.31b |
Total assets | US$6.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QIA's short term assets ($2.1B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: QIA's short term assets ($2.1B) exceed its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: QIA's net debt to equity ratio (14.5%) is considered satisfactory.
Reducing Debt: QIA's debt to equity ratio has reduced from 83.2% to 42.2% over the past 5 years.
Debt Coverage: QIA's debt is well covered by operating cash flow (28.6%).
Interest Coverage: QIA earns more interest than it pays, so coverage of interest payments is not a concern.