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Edwards Lifesciences Interest Coverage

: N/A (As of Jun. 2022)
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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Edwards Lifesciences's Operating Income for the three months ended in Jun. 2022 was $445 Mil. Edwards Lifesciences's Interest Expense for the three months ended in Jun. 2022 was $0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Edwards Lifesciences Corp has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Edwards Lifesciences's Interest Coverage or its related term are showing as below:

EW' s Interest Coverage Range Over the Past 10 Years
Min: 28.06   Med: 46   Max: 2059
Current: 2059


EW's Interest Coverage is ranked better than
90.33% of 424 companies
in the Medical Devices & Instruments industry
Industry Median: 38.23 vs EW: 2059.00

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Edwards Lifesciences Interest Coverage Historical Data

The historical data trend for Edwards Lifesciences's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Edwards Lifesciences Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.79 35.88 59.84 83.33 86.24

Edwards Lifesciences Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 441.90 495.13 N/A N/A N/A

Competitive Comparison

For the Medical Devices subindustry, Edwards Lifesciences's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Edwards Lifesciences Interest Coverage Distribution

For the Medical Devices & Instruments industry and Healthcare sector, Edwards Lifesciences's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Edwards Lifesciences's Interest Coverage falls into.



Edwards Lifesciences Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt.


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Edwards Lifesciences's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Edwards Lifesciences's Interest Expense was $-18 Mil. Its Operating Income was $1,587 Mil. And its Long-Term Debt & Capital Lease Obligation was $665 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*1586.8/-18.4
=86.24

Edwards Lifesciences's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, Edwards Lifesciences's Interest Expense was $0 Mil. Its Operating Income was $445 Mil. And its Long-Term Debt & Capital Lease Obligation was $660 Mil.

GuruFocus does not calculate Edwards Lifesciences's interest coverage with the available data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.


Edwards Lifesciences  (NYSE:EW) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Edwards Lifesciences Interest Coverage Related Terms

Thank you for viewing the detailed overview of Edwards Lifesciences's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Edwards Lifesciences Business Description

Edwards Lifesciences logo
Address
One Edwards Way, Irvine, CA, USA, 92614
Spun off from Baxter International in 2000, Edwards Lifesciences designs, manufactures, and markets a range of medical devices and equipment for advanced stages of structural heart disease. Its key products include surgical tissue heart valves, transcatheter valve technologies, surgical clips, catheters, and monitoring systems used to measure a patient's heart function during surgery. The firm derives about 55% of its total sales from outside the U.S.
Executives
Laviolette Paul A director ONE BOSTON PLACE 201 WASHINGTON STREET, SUITE 3900 BOSTON MA 02108
Sequeira Ramona director ONE EDWARDS WAY IRVINE CA 92614
Chopra Daveen officer: CVP, Surgical Structural Heart C/O EDWARDS LIFESCIENCES CORPORATION ONE EDWARDS WAY IRVINE CA 92618
Lemercier Jean-luc M officer: CVP, EMEA, Canada, Latin Amer C/O ONE EDWARDS WAY IRVINE CA 92614
Ullem Scott B. officer: CVP, CFO C/O EDWARDS LIFESCIENCES CORPORATION ONE EDWARDS WAY IRVINE CA 92614
Bobo Donald E Jr officer: CVP,Strategy/Corp Development C/O EDWARDS LIFESCIENCES ONE EDWARDS WAY IRVINE CA 92614
Szyman Catherine M. officer: CVP, Critical Care C/O EDWARDS LIFESCIENCES CORPORATION ONE EDWARDS WAY IRVINE CA 92614
Sellers Robert W.a. officer: VP, Corp. Controller (Principa ONE EDWARDS WAY IRVINE CA 92614
Stone Heisz Leslie director C/O PUBLIC STORAGE 701 WESTERN AVENUE GLENDALE CA 91201
Loranger Steven R director XYLEM. INC. 1133 WESTCHESTER AVENUE WHITE PLAINS NY 10604
Zovighian Bernard J officer: CVP, Surgical Heart Valves C/O EDWARDS LIFESCIENCES CORPORATION ONE EDWARDS WAY IRVINE CA 92614
Marsh Martha H. director 9769 WEXFORD CIRCLE GRANITE BAY CA 95746
Gallahue Kieran director PO BOX 684369 PARK CITY UT 84068
Valeriani Nicholas J director C/O EDWARDS LIFESCIENCES CORPORATION ONE EDWARDS WAY IRVINE CA 92614
Mccauley Christine Z officer: CVP, Human Resources ONE EDWARDS WAY IRVINE CA 92614

Edwards Lifesciences Headlines

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