Bio-Techne Balance Sheet Health
Financial Health criteria checks 6/6
Bio-Techne has a total shareholder equity of $2.1B and total debt of $300.0M, which brings its debt-to-equity ratio to 14%. Its total assets and total liabilities are $2.7B and $597.4M respectively. Bio-Techne's EBIT is $243.8M making its interest coverage ratio 25.2. It has cash and short-term investments of $187.5M.
Key information
14.0%
Debt to equity ratio
US$300.00m
Debt
| Interest coverage ratio | 25.2x |
| Cash | US$187.54m |
| Equity | US$2.14b |
| Total liabilities | US$597.37m |
| Total assets | US$2.74b |
Recent financial health updates
Is Bio-Techne (NASDAQ:TECH) A Risky Investment?
Sep 26
These 4 Measures Indicate That Bio-Techne (NASDAQ:TECH) Is Using Debt Reasonably Well
Apr 30We Think Bio-Techne (NASDAQ:TECH) Can Stay On Top Of Its Debt
Jan 17Recent updates
Why We're Not Concerned About Bio-Techne Corporation's (NASDAQ:TECH) Share Price
Dec 15There May Be Reason For Hope In Bio-Techne's (NASDAQ:TECH) Disappointing Earnings
Nov 06Is Bio-Techne (NASDAQ:TECH) A Risky Investment?
Sep 26Why Bio-Techne Corporation (NASDAQ:TECH) Could Be Worth Watching
Sep 11Bio-Techne Corporation's (NASDAQ:TECH) Price In Tune With Earnings
Aug 24When Should You Buy Bio-Techne Corporation (NASDAQ:TECH)?
Jun 09Bio-Techne Corporation's (NASDAQ:TECH) Shares Climb 33% But Its Business Is Yet to Catch Up
May 21These 4 Measures Indicate That Bio-Techne (NASDAQ:TECH) Is Using Debt Reasonably Well
Apr 30Bio-Techne Corporation (NASDAQ:TECH) Shares Could Be 32% Above Their Intrinsic Value Estimate
Apr 15Bio-Techne: Secular Growth Opportunities Always Exhibit Financial Excellence
Apr 04We Think Bio-Techne (NASDAQ:TECH) Can Stay On Top Of Its Debt
Jan 17Bio-Techne Corporation (NASDAQ:TECH) Investors Are Less Pessimistic Than Expected
Dec 30Bio-Techne releases new AVV viral titer assays
Oct 11Bio-Techne to seek shareholder approval for 4- for-1 stock split
Sep 01Financial Position Analysis
Short Term Liabilities: TECH's short term assets ($648.6M) exceed its short term liabilities ($142.1M).
Long Term Liabilities: TECH's short term assets ($648.6M) exceed its long term liabilities ($455.2M).
Debt to Equity History and Analysis
Debt Level: TECH's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: TECH's debt to equity ratio has reduced from 42.5% to 14% over the past 5 years.
Debt Coverage: TECH's debt is well covered by operating cash flow (101.2%).
Interest Coverage: TECH's interest payments on its debt are well covered by EBIT (25.2x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 19:02 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Bio-Techne Corporation is covered by 27 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Toung | Argus Research Company |
| James Francis Mainwaring | Atlantic Equities LLP |
| Catherine Ramsey Schulte | Baird |