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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/03/04 17:07 |
| End of Day Share Price | 2023/12/06 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
QuidelOrtho Corporation is covered by 24 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Owczarski | Avondale Partners |
| Ishan Majumdar | Baptista Research |
| Mark Massaro | Canaccord Genuity |