Varex Imaging Balance Sheet Health
Financial Health criteria checks 3/6
Varex Imaging has a total shareholder equity of $595.3M and total debt of $443.1M, which brings its debt-to-equity ratio to 74.4%. Its total assets and total liabilities are $1.3B and $657.4M respectively. Varex Imaging's EBIT is $45.5M making its interest coverage ratio 2. It has cash and short-term investments of $190.0M.
Key information
74.4%
Debt to equity ratio
US$443.10m
Debt
| Interest coverage ratio | 2x |
| Cash | US$190.00m |
| Equity | US$595.30m |
| Total liabilities | US$657.40m |
| Total assets | US$1.25b |
Recent financial health updates
Does Varex Imaging (NASDAQ:VREX) Have A Healthy Balance Sheet?
Oct 22
Is Varex Imaging (NASDAQ:VREX) A Risky Investment?
Nov 05These 4 Measures Indicate That Varex Imaging (NASDAQ:VREX) Is Using Debt Reasonably Well
Jun 15Is Varex Imaging (NASDAQ:VREX) A Risky Investment?
Jan 31Varex Imaging (NASDAQ:VREX) Has A Pretty Healthy Balance Sheet
Oct 11Recent updates
Does Varex Imaging (NASDAQ:VREX) Have A Healthy Balance Sheet?
Oct 22Varex Imaging: Headroom Capped Without Higher Earnings On Capital Employed
Sep 11Little Excitement Around Varex Imaging Corporation's (NASDAQ:VREX) Earnings
Aug 20We Like Varex Imaging's (NASDAQ:VREX) Earnings For More Than Just Statutory Profit
May 10Varex Imaging Corporation: The Picture Is Cloudy After Quarterly Results
Feb 07We Like These Underlying Return On Capital Trends At Varex Imaging (NASDAQ:VREX)
Dec 14Is Varex Imaging (NASDAQ:VREX) A Risky Investment?
Nov 05Is There Now An Opportunity In Varex Imaging Corporation (NASDAQ:VREX)?
Oct 29Varex Imaging (NASDAQ:VREX) Hasn't Managed To Accelerate Its Returns
Sep 27What Is Varex Imaging Corporation's (NASDAQ:VREX) Share Price Doing?
Jul 21These 4 Measures Indicate That Varex Imaging (NASDAQ:VREX) Is Using Debt Reasonably Well
Jun 15Is It Too Late To Consider Buying Varex Imaging Corporation (NASDAQ:VREX)?
Mar 25Varex Imaging Corporation's (NASDAQ:VREX) CEO Might Not Expect Shareholders To Be So Generous This Year
Feb 04Is Varex Imaging (NASDAQ:VREX) A Risky Investment?
Jan 31Returns On Capital At Varex Imaging (NASDAQ:VREX) Paint A Concerning Picture
Dec 22What Does Varex Imaging Corporation's (NASDAQ:VREX) Share Price Indicate?
Nov 08Varex Imaging (NASDAQ:VREX) Has A Pretty Healthy Balance Sheet
Oct 11Investors Could Be Concerned With Varex Imaging's (NASDAQ:VREX) Returns On Capital
Sep 01Varex Imaging Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Aug 06Varex Imaging: Low-Growth X-Ray Imaging Component Provider Offers Stable Upside
Jun 20What Is Varex Imaging Corporation's (NASDAQ:VREX) Share Price Doing?
Jun 07Financial Position Analysis
Short Term Liabilities: VREX's short term assets ($649.3M) exceed its short term liabilities ($194.6M).
Long Term Liabilities: VREX's short term assets ($649.3M) exceed its long term liabilities ($462.8M).
Debt to Equity History and Analysis
Debt Level: VREX's net debt to equity ratio (42.5%) is considered high.
Reducing Debt: VREX's debt to equity ratio has reduced from 91.4% to 74.4% over the past 5 years.
Debt Coverage: VREX's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: VREX's interest payments on its debt are not well covered by EBIT (2x coverage).