MiMedx Group Balance Sheet Health
Financial Health criteria checks 6/6
MiMedx Group has a total shareholder equity of $181.0M and total debt of $19.0M, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are $243.9M and $62.9M respectively. MiMedx Group's EBIT is $63.7M making its interest coverage ratio 21.2. It has cash and short-term investments of $88.8M.
Key information
10.5%
Debt to equity ratio
US$19.02m
Debt
| Interest coverage ratio | 21.2x |
| Cash | US$88.80m |
| Equity | US$181.01m |
| Total liabilities | US$62.88m |
| Total assets | US$243.89m |
Recent financial health updates
We Think MiMedx Group (NASDAQ:MDXG) Can Stay On Top Of Its Debt
May 14
We Think MiMedx Group (NASDAQ:MDXG) Can Stay On Top Of Its Debt
Jan 05Is MiMedx Group (NASDAQ:MDXG) Using Debt In A Risky Way?
Aug 08Does MiMedx Group (NASDAQ:MDXG) Have A Healthy Balance Sheet?
Apr 22Health Check: How Prudently Does MiMedx Group (NASDAQ:MDXG) Use Debt?
Dec 20Recent updates
We Ran A Stock Scan For Earnings Growth And MiMedx Group (NASDAQ:MDXG) Passed With Ease
Nov 21There's No Escaping MiMedx Group, Inc.'s (NASDAQ:MDXG) Muted Earnings Despite A 27% Share Price Rise
Nov 06MiMedx Group, Inc.'s (NASDAQ:MDXG) Shares Bounce 27% But Its Business Still Trails The Industry
May 21We Think MiMedx Group (NASDAQ:MDXG) Can Stay On Top Of Its Debt
May 14Improved Revenues Required Before MiMedx Group, Inc. (NASDAQ:MDXG) Shares Find Their Feet
Mar 27We Think MiMedx Group (NASDAQ:MDXG) Can Stay On Top Of Its Debt
Jan 05MiMedx Group, Inc. (NASDAQ:MDXG) Stock Catapults 27% Though Its Price And Business Still Lag The Industry
Dec 18Is MiMedx Group (NASDAQ:MDXG) Using Debt In A Risky Way?
Aug 08Does MiMedx Group (NASDAQ:MDXG) Have A Healthy Balance Sheet?
Apr 22Health Check: How Prudently Does MiMedx Group (NASDAQ:MDXG) Use Debt?
Dec 20MiMedx gets Japanese reimbursement approval for its tissue allograft EPIFIX
Sep 12MiMedx Group expects AWC full-year sales in low end of 11%-14% growth range
Sep 06Financial Position Analysis
Short Term Liabilities: MDXG's short term assets ($172.1M) exceed its short term liabilities ($41.9M).
Long Term Liabilities: MDXG's short term assets ($172.1M) exceed its long term liabilities ($20.9M).
Debt to Equity History and Analysis
Debt Level: MDXG has more cash than its total debt.
Reducing Debt: MDXG's debt to equity ratio has reduced from 166.6% to 10.5% over the past 5 years.
Debt Coverage: MDXG's debt is well covered by operating cash flow (303.3%).
Interest Coverage: MDXG's interest payments on its debt are well covered by EBIT (21.2x coverage).