Balance Sheet StrengthA very low debt-to-equity ratio indicates conservative leverage and a solid equity base. That durability supports funding operations, R&D or tender participation without raising excessive debt, giving the business financial flexibility to navigate healthcare cycles over months to years.
Improving Cash GenerationRising free cash flow and a high operating cash flow-to-net income ratio show stronger cash conversion versus earnings. This improves the company’s ability to self-fund maintenance capex, service contracts and selective investment, enhancing resilience and strategic optionality.
Defensible Product & Market MixA diversified device portfolio across hospital, home and outpatient channels plus recurring service and tender revenue creates multiple durable revenue streams. That mix supports steady demand and mitigates reliance on any single channel or short-term market fluctuation.