Merit Medical Systems Balance Sheet Health
Financial Health criteria checks 4/6
Merit Medical Systems has a total shareholder equity of $1.2B and total debt of $823.0M, which brings its debt-to-equity ratio to 68.5%. Its total assets and total liabilities are $2.3B and $1.1B respectively. Merit Medical Systems's EBIT is $127.5M making its interest coverage ratio 9.8. It has cash and short-term investments of $588.5M.
Key information
68.5%
Debt to equity ratio
US$823.01m
Debt
| Interest coverage ratio | 9.8x |
| Cash | US$588.54m |
| Equity | US$1.20b |
| Total liabilities | US$1.12b |
| Total assets | US$2.33b |
Recent financial health updates
These 4 Measures Indicate That Merit Medical Systems (NASDAQ:MMSI) Is Using Debt Safely
Nov 21
Is Merit Medical Systems (NASDAQ:MMSI) A Risky Investment?
Jul 17We Think Merit Medical Systems (NASDAQ:MMSI) Can Manage Its Debt With Ease
Apr 16Merit Medical Systems (NASDAQ:MMSI) Seems To Use Debt Rather Sparingly
Dec 29Merit Medical Systems (NASDAQ:MMSI) Seems To Use Debt Rather Sparingly
Sep 16We Think Merit Medical Systems (NASDAQ:MMSI) Can Manage Its Debt With Ease
Jun 14Recent updates
Merit Medical Systems, Inc. (NASDAQ:MMSI) Not Lagging Market On Growth Or Pricing
Apr 16When Should You Buy Merit Medical Systems, Inc. (NASDAQ:MMSI)?
Apr 02Merit Medical Systems: Solid Performer, Fully Valued
Mar 03Analyst Estimates: Here's What Brokers Think Of Merit Medical Systems, Inc. (NASDAQ:MMSI) After Its Full-Year Report
Mar 02We Ran A Stock Scan For Earnings Growth And Merit Medical Systems (NASDAQ:MMSI) Passed With Ease
Feb 05The Returns At Merit Medical Systems (NASDAQ:MMSI) Aren't Growing
Jan 23What You Can Learn From Merit Medical Systems, Inc.'s (NASDAQ:MMSI) P/E
Dec 18These 4 Measures Indicate That Merit Medical Systems (NASDAQ:MMSI) Is Using Debt Safely
Nov 21What Is Merit Medical Systems, Inc.'s (NASDAQ:MMSI) Share Price Doing?
Nov 06Estimating The Fair Value Of Merit Medical Systems, Inc. (NASDAQ:MMSI)
Oct 23Does Merit Medical Systems (NASDAQ:MMSI) Deserve A Spot On Your Watchlist?
Sep 11Return Trends At Merit Medical Systems (NASDAQ:MMSI) Aren't Appealing
Aug 13Is Now An Opportune Moment To Examine Merit Medical Systems, Inc. (NASDAQ:MMSI)?
Jul 31Is Merit Medical Systems (NASDAQ:MMSI) A Risky Investment?
Jul 17Is Now The Time To Put Merit Medical Systems (NASDAQ:MMSI) On Your Watchlist?
Jun 07Is It Time To Consider Buying Merit Medical Systems, Inc. (NASDAQ:MMSI)?
May 01We Think Merit Medical Systems (NASDAQ:MMSI) Can Manage Its Debt With Ease
Apr 16Returns On Capital At Merit Medical Systems (NASDAQ:MMSI) Have Hit The Brakes
Apr 02Is Now The Time To Put Merit Medical Systems (NASDAQ:MMSI) On Your Watchlist?
Mar 01Merit Medical Systems, Inc.'s (NASDAQ:MMSI) Intrinsic Value Is Potentially 24% Below Its Share Price
Feb 01Is Now The Time To Look At Buying Merit Medical Systems, Inc. (NASDAQ:MMSI)?
Jan 12Merit Medical Systems (NASDAQ:MMSI) Seems To Use Debt Rather Sparingly
Dec 29Here's Why We Think Merit Medical Systems (NASDAQ:MMSI) Is Well Worth Watching
Nov 23A Look At The Intrinsic Value Of Merit Medical Systems, Inc. (NASDAQ:MMSI)
Oct 23At US$56.45, Is It Time To Put Merit Medical Systems, Inc. (NASDAQ:MMSI) On Your Watch List?
Oct 11Merit Medical Systems (NASDAQ:MMSI) Might Have The Makings Of A Multi-Bagger
Sep 28Merit Medical Systems (NASDAQ:MMSI) Seems To Use Debt Rather Sparingly
Sep 16Merit Medical: No Change To Hold Thesis, ROIC Still One To Watch
Sep 09Should You Be Adding Merit Medical Systems (NASDAQ:MMSI) To Your Watchlist Today?
Aug 10Calculating The Fair Value Of Merit Medical Systems, Inc. (NASDAQ:MMSI)
Jul 14Why Merit Medical Systems, Inc. (NASDAQ:MMSI) Could Be Worth Watching
Jun 29We Think Merit Medical Systems (NASDAQ:MMSI) Can Manage Its Debt With Ease
Jun 14Financial Position Analysis
Short Term Liabilities: MMSI's short term assets ($1.1B) exceed its short term liabilities ($203.6M).
Long Term Liabilities: MMSI's short term assets ($1.1B) exceed its long term liabilities ($919.7M).
Debt to Equity History and Analysis
Debt Level: MMSI's net debt to equity ratio (19.5%) is considered satisfactory.
Reducing Debt: MMSI's debt to equity ratio has increased from 42.4% to 68.5% over the past 5 years.
Debt Coverage: MMSI's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: MMSI's interest payments on its debt are well covered by EBIT (9.8x coverage).