ResMed Balance Sheet Health
Financial Health criteria checks 6/6
ResMed has a total shareholder equity of $4.6B and total debt of $1.0B, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are $6.8B and $2.2B respectively. ResMed's EBIT is $1.3B making its interest coverage ratio 23.6. It has cash and short-term investments of $259.4M.
Key information
21.7%
Debt to equity ratio
US$1.01b
Debt
Interest coverage ratio | 23.6x |
Cash | US$259.45m |
Equity | US$4.63b |
Total liabilities | US$2.18b |
Total assets | US$6.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0KW4's short term assets ($2.4B) exceed its short term liabilities ($773.0M).
Long Term Liabilities: 0KW4's short term assets ($2.4B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: 0KW4's net debt to equity ratio (16.1%) is considered satisfactory.
Reducing Debt: 0KW4's debt to equity ratio has reduced from 66.1% to 21.7% over the past 5 years.
Debt Coverage: 0KW4's debt is well covered by operating cash flow (119%).
Interest Coverage: 0KW4's interest payments on its debt are well covered by EBIT (23.6x coverage).