CONMED Balance Sheet Health
Financial Health criteria checks 3/6
CONMED has a total shareholder equity of $854.7M and total debt of $988.6M, which brings its debt-to-equity ratio to 115.7%. Its total assets and total liabilities are $2.3B and $1.5B respectively. CONMED's EBIT is $136.3M making its interest coverage ratio 3.5. It has cash and short-term investments of $33.9M.
Key information
115.7%
Debt to equity ratio
US$988.60m
Debt
Interest coverage ratio | 3.5x |
Cash | US$33.86m |
Equity | US$854.66m |
Total liabilities | US$1.45b |
Total assets | US$2.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CNMD *'s short term assets ($635.7M) exceed its short term liabilities ($291.4M).
Long Term Liabilities: CNMD *'s short term assets ($635.7M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: CNMD *'s net debt to equity ratio (111.7%) is considered high.
Reducing Debt: CNMD *'s debt to equity ratio has reduced from 117.9% to 115.7% over the past 5 years.
Debt Coverage: CNMD *'s debt is not well covered by operating cash flow (16%).
Interest Coverage: CNMD *'s interest payments on its debt are well covered by EBIT (3.5x coverage).