CONMED Balance Sheet Health
Financial Health criteria checks 3/6
CONMED has a total shareholder equity of $854.7M and total debt of $988.6M, which brings its debt-to-equity ratio to 115.7%. Its total assets and total liabilities are $2.3B and $1.5B respectively. CONMED's EBIT is $136.3M making its interest coverage ratio 3.5. It has cash and short-term investments of $33.9M.
Key information
115.7%
Debt to equity ratio
US$988.60m
Debt
| Interest coverage ratio | 3.5x |
| Cash | US$33.86m |
| Equity | US$854.66m |
| Total liabilities | US$1.45b |
| Total assets | US$2.31b |
Recent financial health updates
Is CONMED (NYSE:CNMD) Using Too Much Debt?
Mar 28
CONMED (NYSE:CNMD) Takes On Some Risk With Its Use Of Debt
Nov 30Does CONMED (NYSE:CNMD) Have A Healthy Balance Sheet?
Aug 24These 4 Measures Indicate That CONMED (NYSE:CNMD) Is Using Debt Extensively
May 17Here's Why CONMED (NYSE:CNMD) Has A Meaningful Debt Burden
Feb 14CONMED (NYSE:CNMD) Has A Pretty Healthy Balance Sheet
Oct 11Recent updates
Why CONMED Corporation (NYSE:CNMD) Could Be Worth Watching
Apr 18Is CONMED (NYSE:CNMD) Using Too Much Debt?
Mar 28CONMED Corporation (NYSE:CNMD) Might Not Be As Mispriced As It Looks After Plunging 26%
Feb 15US$111: That's What Analysts Think CONMED Corporation (NYSE:CNMD) Is Worth After Its Latest Results
Feb 03Should You Investigate CONMED Corporation (NYSE:CNMD) At US$107?
Jan 08Investors Appear Satisfied With CONMED Corporation's (NYSE:CNMD) Prospects
Dec 18CONMED (NYSE:CNMD) Takes On Some Risk With Its Use Of Debt
Nov 30Conmed: Sector Derating And A New Competitive Threat Shouldn't Overshadow A Solid Core Business
Oct 28Is CONMED Corporation (NYSE:CNMD) Potentially Undervalued?
Sep 22Does CONMED (NYSE:CNMD) Have A Healthy Balance Sheet?
Aug 24Conmed: Reiterate Buy Rating As Earnings Are Expected To Grow Strongly
Jul 28Should You Think About Buying CONMED Corporation (NYSE:CNMD) Now?
Jun 08These 4 Measures Indicate That CONMED (NYSE:CNMD) Is Using Debt Extensively
May 17Estimating The Intrinsic Value Of CONMED Corporation (NYSE:CNMD)
Apr 28Why CONMED Corporation (NYSE:CNMD) Could Be Worth Watching
Mar 10Here's Why CONMED (NYSE:CNMD) Has A Meaningful Debt Burden
Feb 14CONMED Non-GAAP EPS of $0.42 misses by $0.48, revenue of $250.9M misses by $51.58M
Feb 02Estimating The Intrinsic Value Of CONMED Corporation (NYSE:CNMD)
Jan 24ConMed: Still Fairly Priced, Turning More Constructive
Dec 09At US$83.60, Is CONMED Corporation (NYSE:CNMD) Worth Looking At Closely?
Nov 18Conmed withdraws FY22 guidance on software implementation-related disruption
Nov 15CONMED (NYSE:CNMD) Has A Pretty Healthy Balance Sheet
Oct 11ConMed: Fairly Priced At Pre-Pandemic Market Cap
Sep 21CONMED (NYSE:CNMD) Has Announced A Dividend Of $0.20
Sep 03CONMED (NYSE:CNMD) Has Affirmed Its Dividend Of $0.20
Aug 18CONMED declares $0.20 dividend
Aug 11Should You Investigate CONMED Corporation (NYSE:CNMD) At US$98.47?
Jul 20We Think CONMED (NYSE:CNMD) Can Stay On Top Of Its Debt
Jun 23Here's Why I Think CONMED (NYSE:CNMD) Might Deserve Your Attention Today
Jun 10Estimating The Fair Value Of CONMED Corporation (NYSE:CNMD)
May 25Financial Position Analysis
Short Term Liabilities: CNMD's short term assets ($635.7M) exceed its short term liabilities ($291.4M).
Long Term Liabilities: CNMD's short term assets ($635.7M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: CNMD's net debt to equity ratio (111.7%) is considered high.
Reducing Debt: CNMD's debt to equity ratio has reduced from 117.9% to 115.7% over the past 5 years.
Debt Coverage: CNMD's debt is not well covered by operating cash flow (16%).
Interest Coverage: CNMD's interest payments on its debt are well covered by EBIT (3.5x coverage).