QuidelOrtho Balance Sheet Health
Financial Health criteria checks 1/6
QuidelOrtho has a total shareholder equity of $5.0B and total debt of $2.4B, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are $8.6B and $3.6B respectively. QuidelOrtho's EBIT is $279.6M making its interest coverage ratio 1.6. It has cash and short-term investments of $167.5M.
Key information
48.4%
Debt to equity ratio
US$2.42b
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$167.50m |
| Equity | US$5.01b |
| Total liabilities | US$3.56b |
| Total assets | US$8.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QDEL1 *'s short term assets ($1.3B) exceed its short term liabilities ($833.8M).
Long Term Liabilities: QDEL1 *'s short term assets ($1.3B) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: QDEL1 *'s net debt to equity ratio (45%) is considered high.
Reducing Debt: QDEL1 *'s debt to equity ratio has increased from 25.3% to 48.4% over the past 5 years.
Debt Coverage: QDEL1 *'s debt is not well covered by operating cash flow (11.6%).
Interest Coverage: QDEL1 *'s interest payments on its debt are not well covered by EBIT (1.6x coverage).