QuidelOrtho Balance Sheet Health
Financial Health criteria checks 1/6
QuidelOrtho has a total shareholder equity of $3.0B and total debt of $2.5B, which brings its debt-to-equity ratio to 82.9%. Its total assets and total liabilities are $6.4B and $3.4B respectively. QuidelOrtho's EBIT is $77.6M making its interest coverage ratio 0.4. It has cash and short-term investments of $99.6M.
Key information
82.9%
Debt to equity ratio
US$2.48b
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$99.60m |
| Equity | US$2.98b |
| Total liabilities | US$3.44b |
| Total assets | US$6.42b |
Recent financial health updates
QuidelOrtho (NASDAQ:QDEL) Has No Shortage Of Debt
Apr 25
QuidelOrtho (NASDAQ:QDEL) Seems To Be Using A Lot Of Debt
Sep 15We Think QuidelOrtho (NASDAQ:QDEL) Is Taking Some Risk With Its Debt
Apr 08Recent updates
QuidelOrtho (NASDAQ:QDEL) Has No Shortage Of Debt
Apr 25QuidelOrtho Corporation's (NASDAQ:QDEL) Business And Shares Still Trailing The Industry
Mar 30
Leadership Changes And Cost Reductions Will Shape Future Profitability
Mar 21 Leadership changes and strategic initiatives aim for innovation and efficiency, enhancing revenue and net margins.QuidelOrtho: Growth Struggles And Negative GAAP Earnings Continue To Disinterest Investors
Feb 20QuidelOrtho: Highly Levered With Questionable Growth
Nov 26Lacklustre Performance Is Driving QuidelOrtho Corporation's (NASDAQ:QDEL) Low P/S
Nov 17QuidelOrtho (NASDAQ:QDEL) Seems To Be Using A Lot Of Debt
Sep 15QuidelOrtho Corporation (NASDAQ:QDEL) Stock Catapults 38% Though Its Price And Business Still Lag The Industry
Aug 09QuidelOrtho: Attractive Valuation Despite Weak Performance
Apr 13We Think QuidelOrtho (NASDAQ:QDEL) Is Taking Some Risk With Its Debt
Apr 08QuidelOrtho Corporation's (NASDAQ:QDEL) 38% Dip In Price Shows Sentiment Is Matching Revenues
Feb 15QuidelOrtho Corporation (NASDAQ:QDEL) Shares Could Be 38% Below Their Intrinsic Value Estimate
Mar 13QuidelOrtho Corporation Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Feb 18Financial Position Analysis
Short Term Liabilities: QDEL's short term assets ($1.2B) exceed its short term liabilities ($998.8M).
Long Term Liabilities: QDEL's short term assets ($1.2B) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: QDEL's net debt to equity ratio (79.6%) is considered high.
Reducing Debt: QDEL's debt to equity ratio has increased from 2.3% to 82.9% over the past 5 years.
Debt Coverage: QDEL's debt is not well covered by operating cash flow (3.4%).
Interest Coverage: QDEL's interest payments on its debt are not well covered by EBIT (0.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/08 05:49 |
| End of Day Share Price | 2025/05/07 00:00 |
| Earnings | 2024/12/29 |
| Annual Earnings | 2024/12/29 |
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 Github.
Analyst Sources
QuidelOrtho Corporation is covered by 22 analysts. 8 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 |
| Mark Massaro | Canaccord Genuity |
| Patrick Donnelly | Citigroup Inc |