QuidelOrtho Balance Sheet Health
Financial Health criteria checks 1/6
QuidelOrtho has a total shareholder equity of $3.2B and total debt of $2.6B, which brings its debt-to-equity ratio to 80.5%. Its total assets and total liabilities are $6.8B and $3.6B respectively. QuidelOrtho's EBIT is $127.6M making its interest coverage ratio 0.7. It has cash and short-term investments of $146.0M.
Key information
80.5%
Debt to equity ratio
US$2.57b
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$146.00m |
| Equity | US$3.19b |
| Total liabilities | US$3.61b |
| Total assets | US$6.80b |
Recent financial health updates
QuidelOrtho (NASDAQ:QDEL) Seems To Be Using A Lot Of Debt
Sep 15
We Think QuidelOrtho (NASDAQ:QDEL) Is Taking Some Risk With Its Debt
Apr 08Recent updates
QuidelOrtho: 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 18An Intrinsic Calculation For QuidelOrtho Corporation (NASDAQ:QDEL) Suggests It's 47% Undervalued
Nov 25QuidelOrtho forecasts strong Q3 revenue above estimates, shares rise ~6% after hours
Oct 12Financial Position Analysis
Short Term Liabilities: QDEL's short term assets ($1.4B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: QDEL's short term assets ($1.4B) do not cover its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: QDEL's net debt to equity ratio (75.9%) is considered high.
Reducing Debt: QDEL's debt to equity ratio has increased from 3.9% to 80.5% over the past 5 years.
Debt Coverage: QDEL's debt is not well covered by operating cash flow (3.9%).
Interest Coverage: QDEL's interest payments on its debt are not well covered by EBIT (0.7x coverage).