Varex Imaging Balance Sheet Health
Financial Health criteria checks 4/6
Varex Imaging has a total shareholder equity of $583.0M and total debt of $443.0M, which brings its debt-to-equity ratio to 76%. Its total assets and total liabilities are $1.2B and $659.3M respectively. Varex Imaging's EBIT is $68.3M making its interest coverage ratio 2.8. It has cash and short-term investments of $193.5M.
Key information
76.0%
Debt to equity ratio
US$443.00m
Debt
| Interest coverage ratio | 2.8x |
| Cash | US$193.50m |
| Equity | US$583.00m |
| Total liabilities | US$659.30m |
| Total assets | US$1.24b |
Recent financial health updates
Is Varex Imaging (NASDAQ:VREX) A Risky Investment?
Nov 05
These 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 11Varex Imaging (NASDAQ:VREX) Is Making Moderate Use Of Debt
May 11Recent updates
Varex 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 07Varex Imaging (NASDAQ:VREX) Is Making Moderate Use Of Debt
May 11Varex Imaging Corporation 2021 Q2 - Results - Earnings Call Presentation
May 06Don't Ignore The Fact That This Insider Just Sold Some Shares In Varex Imaging Corporation (NASDAQ:VREX)
Mar 05Varex Imaging Corporation 2021 Q1 - Results - Earnings Call Presentation
Feb 05Financial Position Analysis
Short Term Liabilities: VREX's short term assets ($645.7M) exceed its short term liabilities ($150.1M).
Long Term Liabilities: VREX's short term assets ($645.7M) exceed its long term liabilities ($509.2M).
Debt to Equity History and Analysis
Debt Level: VREX's net debt to equity ratio (42.8%) is considered high.
Reducing Debt: VREX's debt to equity ratio has reduced from 85.2% to 76% over the past 5 years.
Debt Coverage: VREX's debt is well covered by operating cash flow (27.6%).
Interest Coverage: VREX's interest payments on its debt are not well covered by EBIT (2.8x coverage).