What does dental — goodwill impairment mean?

The amount of value written off from the dental segment's goodwill due to a decline in the unit's estimated worth.

How do you interpret dental — goodwill impairment?

An increase indicates a deterioration in the long-term outlook or profitability of the dental business, suggesting previous acquisition premiums were overvalued.

How does dental — goodwill impairment compare across companies?

Peers in the medical device and dental space report similar impairment charges when specific reporting units fail to meet long-term growth projections.

Zimmer Biomet Holdings ZBH Dental — Goodwill Impairment

Discontinued — last reported Q1 '20

Similar metrics at other companies

DVADE — Goodwill Impairment

$78.44M—

SOLVDental Solutions — Goodwill, Held-for-Sale

$0—

LDOSHealth — Goodwill impairment charges

$0—

GTLSBiomedical — Goodwill Impairment

$32.81M—

DVAOther Reporting Units — Goodwill Impairment

$0—

HSICHealthcare Distribution — Goodwill Impairment

$5M—

Other financials

Income statement

See full

Revenue$2.1B+9.3%

Gross profit$1.5B+11.1%

Operating income$373.2M+27.7%

Net income$238.1M+30.8%

EPS (diluted)$1.22+34.1%

Balance sheet

See full

Cash & equivalents$424.2M-69.4%

Total debt$7.5B+4.1%

Total equity$12.7B+2.2%

Total assets$22.7B+2.4%

Cash flow

See full

Operating cash flow$359.4M-6.1%

CapEx$36.3M-18.6%

Free cash flow$323.1M-4.5%

Valuation

See full

Market cap$17.02B-21.5%

Enterprise value$24.07B-12.7%

P/E22.4×-1.4×

P/S2×-0.8×

Profitability

See full

Gross margin70%-1.0pp

Operating margin14%-3.0pp

Net margin9.1%-2.8pp

FCF margin17.3%-1.6pp

Returns & leverage

See full

Return on equity6.1%-1.2pp

Debt / equity0.6×0.0×

Current ratio1.7×-0.7×

Where this comes from

Reported directly by Zimmer Biomet Holdings in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Zimmer Biomet Holdings’s 10-Q, filed November 4, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does dental — goodwill impairment mean?: The amount of value written off from the dental segment's goodwill due to a decline in the unit's estimated worth.
How do you interpret dental — goodwill impairment?: An increase indicates a deterioration in the long-term outlook or profitability of the dental business, suggesting previous acquisition premiums were overvalued.
How does dental — goodwill impairment compare across companies?: Peers in the medical device and dental space report similar impairment charges when specific reporting units fail to meet long-term growth projections.