Alcon Balance Sheet Health
Financial Health criteria checks 4/6
Alcon has a total shareholder equity of $20.9B and total debt of $4.7B, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are $29.7B and $8.8B respectively. Alcon's EBIT is $1.2B making its interest coverage ratio 8.2. It has cash and short-term investments of $1.4B.
Key information
22.4%
Debt to equity ratio
US$4.69b
Debt
| Interest coverage ratio | 8.2x |
| Cash | US$1.37b |
| Equity | US$20.94b |
| Total liabilities | US$8.78b |
| Total assets | US$29.72b |
Recent financial health updates
No updates
Recent updates
Alcon Q2: Positive News From Unity VCS/CS And AR-15512
Sep 04Alcon: Trading At An Undeserved Premium Valuation
Aug 01Alcon Q1: Robust Product Pipeline Drives Future Growth (Rating Upgrade)
May 14Alcon: Buy An Eyecare Leader With $2 Billion In Quarterly Sales
Oct 10Alcon: Lackluster Growth Given Its Valuation
Jul 26Alcon: The Steady Force Of 'Boring'
Jun 27Alcon reached $199M settlement with J&J Surgical Vision
Feb 13Alcon: Case Of Growth Destructive To Value, Reiterate Hold At 24x Earnings
Feb 01Alcon a buy at Mizuho on 'eyecare dominance'
Dec 22Alcon Q3 2022 Earnings Preview
Nov 14Alcon: Looking To Break Downtrend Before Entry
Sep 04Alcon downgraded to hold at Societe Generale on macro headwinds
Aug 11Alcon: Revisiting The Investment Thesis
Jun 03The Recent Pullback Makes Alcon More Attractive
Mar 18Alcon: Good Quarterly Results, But It Is Still Expensive
Dec 22Looking At Alcon Through A Different Lens
Sep 11Alcon Inc. 2021 Q1 - Results - Earnings Call Presentation
May 06Alcon to acquire U.S. commercialization rights to ophthalmic eye drops Simbrinza from Novartis
Apr 28Alcon: Global Leader In An Attractive End-Market
Dec 16Alcon Inc. 2020 Q3 - Results - Earnings Call Presentation
Nov 11Alcon Q3 2020 Earnings Preview
Nov 09Financial Position Analysis
Short Term Liabilities: ALC's short term assets ($6.0B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: ALC's short term assets ($6.0B) do not cover its long term liabilities ($6.4B).
Debt to Equity History and Analysis
Debt Level: ALC's net debt to equity ratio (15.8%) is considered satisfactory.
Reducing Debt: ALC's debt to equity ratio has increased from 18.1% to 22.4% over the past 5 years.
Debt Coverage: ALC's debt is well covered by operating cash flow (39.4%).
Interest Coverage: ALC's interest payments on its debt are well covered by EBIT (8.2x coverage).