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
Recent updates
QuidelOrtho: Attractive Valuation Despite Weak Performance
Apr 13We Think QuidelOrtho (NASDAQ:QDEL) Is Taking Some Risk With Its Debt
Apr 08
QuidelOrtho 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 12QuidelOrtho: Fundamentals Remain, Upbeat Financials
Sep 14Improved Earnings Required Before QuidelOrtho Corporation (NASDAQ:QDEL) Shares Find Their Feet
Sep 03QuidelOrtho announces $300M share repurchase authorization
Aug 17Robust Earnings May Not Tell The Whole Story For QuidelOrtho (NASDAQ:QDEL)
Aug 13Quidel Non-GAAP EPS of $2.34 misses by $0.51, revenue of $613.4M misses by $27.21M
Aug 04QuidelOrtho: Continuing Its Upward Ascent
Jul 08Calculating The Fair Value Of QuidelOrtho Corporation (NASDAQ:QDEL)
Jun 01Financial Position Analysis
Short Term Liabilities: QDEL's short term assets ($1.3B) exceed its short term liabilities ($833.8M).
Long Term Liabilities: QDEL's short term assets ($1.3B) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: QDEL's net debt to equity ratio (45%) is considered high.
Reducing Debt: QDEL's debt to equity ratio has increased from 25.3% to 48.4% over the past 5 years.
Debt Coverage: QDEL's debt is not well covered by operating cash flow (11.6%).
Interest Coverage: QDEL's interest payments on its debt are not well covered by EBIT (1.6x coverage).