Qiagen Balance Sheet Health
Financial Health criteria checks 6/6
Qiagen has a total shareholder equity of $3.5B and total debt of $2.0B, which brings its debt-to-equity ratio to 57%. Its total assets and total liabilities are $6.3B and $2.7B respectively. Qiagen's EBIT is $472.0M making its interest coverage ratio -17.5. It has cash and short-term investments of $1.5B.
Key information
57.0%
Debt to equity ratio
US$2.01b
Debt
| Interest coverage ratio | -17.5x |
| Cash | US$1.48b |
| Equity | US$3.53b |
| Total liabilities | US$2.74b |
| Total assets | US$6.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QIAD's short term assets ($2.5B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: QIAD's short term assets ($2.5B) exceed its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: QIAD's net debt to equity ratio (15.1%) is considered satisfactory.
Reducing Debt: QIAD's debt to equity ratio has reduced from 71.4% to 57% over the past 5 years.
Debt Coverage: QIAD's debt is well covered by operating cash flow (31.5%).
Interest Coverage: QIAD earns more interest than it pays, so coverage of interest payments is not a concern.