Zimmer Biomet Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Zimmer Biomet Holdings has a total shareholder equity of $12.5B and total debt of $6.0B, which brings its debt-to-equity ratio to 47.9%. Its total assets and total liabilities are $21.5B and $9.0B respectively. Zimmer Biomet Holdings's EBIT is $1.5B making its interest coverage ratio 7.4. It has cash and short-term investments of $415.8M.
Key information
47.9%
Debt to equity ratio
US$5.98b
Debt
Interest coverage ratio | 7.4x |
Cash | US$415.80m |
Equity | US$12.49b |
Total liabilities | US$9.01b |
Total assets | US$21.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZBH *'s short term assets ($4.6B) exceed its short term liabilities ($2.9B).
Long Term Liabilities: ZBH *'s short term assets ($4.6B) do not cover its long term liabilities ($6.2B).
Debt to Equity History and Analysis
Debt Level: ZBH *'s net debt to equity ratio (44.6%) is considered high.
Reducing Debt: ZBH *'s debt to equity ratio has reduced from 79.3% to 47.9% over the past 5 years.
Debt Coverage: ZBH *'s debt is well covered by operating cash flow (26.4%).
Interest Coverage: ZBH *'s interest payments on its debt are well covered by EBIT (7.4x coverage).