Highest Debt to EBITDA Ratio in the Health Care Supplies Industry Detected in Shares of Alere (ALR, QDEL, COO, HAE, MMSI)
Below are the three companies in the Health Care Supplies industry with the highest debt to EBITDA ratios. This ratio indicates how many years of EBITDA would be necessary in order to pay back all the debt (assuming Debt and EBITDA are constant). Typically, this ratio is considered to be alarming when it is greater than 3.0 but this can vary and should be looked at within the context of the industry.
Alere ranks highest with a a debt to EBITDA ratio of 7.8. Quidel is next with a a debt to EBITDA ratio of 3.8. Cooper Cos ranks third highest with a a debt to EBITDA ratio of 3.1.
Haemonetics follows with a a debt to EBITDA ratio of 3.1, and Merit Medical Systems rounds out the top five with a a debt to EBITDA ratio of 2.6.
SmarTrend recommended that subscribers consider buying shares of Merit Medical Systems on March 3rd, 2016 as our technology indicated a new Uptrend was in progress when shares hit $18.92. Since that recommendation, shares of Merit Medical Systems have risen 24.7%. We continue to monitor Merit Medical Systems for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest debt to ebitda ratio amex:alr alere quidel cooper cos haemonetics merit medical systems