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Boston Scientific Corporation (BSX)

NYSE - NYSE Delayed Price. Currency in USD
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33.50-0.57 (-1.67%)
At close: 4:01PM EDT

33.76 +0.26 (0.78%)
After hours: 6:23PM EDT

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Neutralpattern detected
Previous Close34.07
Bid33.18 x 900
Ask33.50 x 900
Day's Range33.14 - 34.25
52 Week Range24.10 - 46.62
Avg. Volume8,097,852
Market Cap47.927B
Beta (5Y Monthly)0.97
PE Ratio (TTM)11.86
EPS (TTM)2.83
Earnings DateOct 28, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est46.00
  • Boston Scientific Initiates Trial to Evaluate WATCHMAN FLX™ Left Atrial Appendage Closure Device as First-Line Treatment for People at Risk of Stroke
    PR Newswire

    Boston Scientific Initiates Trial to Evaluate WATCHMAN FLX™ Left Atrial Appendage Closure Device as First-Line Treatment for People at Risk of Stroke

    Boston Scientific Corporation (NYSE: BSX) has initiated the CHAMPION-AF clinical trial to evaluate the safety and efficacy of the WATCHMAN FLX™ Left Atrial Appendage Closure (LAAC) Device within a broad population of patients with non-valvular atrial fibrillation (NVAF), including those who are at low-to-moderate risk of bleeding from the use of anticoagulation. The device will be compared to treatment with non-vitamin K antagonist oral anticoagulants (NOACs), considered the leading contemporary drugs for stroke risk reduction in this population.

  • Benzinga

    What Does Boston Scientific's Debt Look Like?

    Over the past three months, shares of Boston Scientific (NYSE: BSX) fell by 9.13%. Before having a look at the importance of debt, let us look at how much debt Boston Scientific has.Boston Scientific's Debt Based on Boston Scientific's financial statement as of August 5, 2020, long-term debt is at $9.28 billion and current debt is at $254.00 million, amounting to $9.53 billion in total debt. Adjusted for $1.72 billion in cash-equivalents, the company's net debt is at $7.81 billion.Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents.To understand the degree of financial leverage a company has, investors look at the debt ratio. Considering Boston Scientific's $30.82 billion in total assets, the debt-ratio is at 0.31. Generally speaking, a debt-ratio more than one means that a large portion of debt is funded by assets. As the debt-ratio increases, so the does the risk of defaulting on loans, if interest rates were to increase. Different industries have different thresholds of tolerance for debt-ratios. A debt ratio of 35% might be higher for one industry and average for another.Importance Of Debt Besides equity, debt is an important factor in the capital structure of a company, and contributes to its growth. Due to its lower financing cost compared to equity, it becomes an attractive option for executives trying to raise capital.However, interest-payment obligations can have an adverse impact on the cash-flow of the company. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations.Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more.See more from Benzinga * Click here for options trades from Benzinga * What Does Boeing's Debt Look Like? * A Look Into Sony's Debt(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.