Hologic Balance Sheet Health
Financial Health criteria checks 6/6
Hologic has a total shareholder equity of $4.7B and total debt of $2.6B, which brings its debt-to-equity ratio to 55%. Its total assets and total liabilities are $8.5B and $3.8B respectively. Hologic's EBIT is $921.5M making its interest coverage ratio -49. It has cash and short-term investments of $1.9B.
Key information
55.0%
Debt to equity ratio
US$2.56b
Debt
Interest coverage ratio | -49x |
Cash | US$1.94b |
Equity | US$4.65b |
Total liabilities | US$3.82b |
Total assets | US$8.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0J5Q's short term assets ($3.5B) exceed its short term liabilities ($899.0M).
Long Term Liabilities: 0J5Q's short term assets ($3.5B) exceed its long term liabilities ($2.9B).
Debt to Equity History and Analysis
Debt Level: 0J5Q's net debt to equity ratio (13.4%) is considered satisfactory.
Reducing Debt: 0J5Q's debt to equity ratio has reduced from 130.7% to 55% over the past 5 years.
Debt Coverage: 0J5Q's debt is well covered by operating cash flow (39.8%).
Interest Coverage: 0J5Q earns more interest than it pays, so coverage of interest payments is not a concern.