Alcon Balance Sheet Health
Financial Health criteria checks 4/6
Alcon has a total shareholder equity of $21.4B and total debt of $4.7B, which brings its debt-to-equity ratio to 21.9%. Its total assets and total liabilities are $30.4B and $9.0B respectively. Alcon's EBIT is $1.2B making its interest coverage ratio 8.3. It has cash and short-term investments of $2.0B.
Key information
21.9%
Debt to equity ratio
US$4.69b
Debt
| Interest coverage ratio | 8.3x |
| Cash | US$1.99b |
| Equity | US$21.39b |
| Total liabilities | US$8.97b |
| Total assets | US$30.36b |
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 16Financial Position Analysis
Short Term Liabilities: ALC's short term assets ($6.3B) exceed its short term liabilities ($2.5B).
Long Term Liabilities: ALC's short term assets ($6.3B) do not cover its long term liabilities ($6.5B).
Debt to Equity History and Analysis
Debt Level: ALC's net debt to equity ratio (12.6%) is considered satisfactory.
Reducing Debt: ALC's debt to equity ratio has increased from 17.9% to 21.9% over the past 5 years.
Debt Coverage: ALC's debt is well covered by operating cash flow (44.1%).
Interest Coverage: ALC's interest payments on its debt are well covered by EBIT (8.3x coverage).