Analysis of Financial Health of Steris Corporation

Running head: FINANCE
Finance
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1FINANCE
Table of Contents
Introduction................................................................................................................................2
Analysis of financial health........................................................................................................2
Current ratio...........................................................................................................................3
Quick ratio..............................................................................................................................3
Leverage ratio / Debt-equity ratio..........................................................................................4
Conclusion..................................................................................................................................5
Reference....................................................................................................................................6

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Introduction
The main objective of the report is to focus on financial health of Steris Corporation
through analyzing its liquidity ratios for the last 5 years starting from 2014. Steris is the
leading provider for infection prevention as well as other procedural services and products.
Primarily the entity is focused on pharmaceutical, healthcare and customers with medical
devices. Main objective of the entity is to assist the customers to create a safer and healthier
world through delivering innovative healthcare and services and product related to life
science all over the world (Steris.com, 2019).
Analysis of financial health
Liquidity ratio computation
Liquidity ratios scrutinize the company’s financial health through measuring its
ability to pay off the current obligation as they become due. In other words, the liquidity
ratios analyses the cash level of the entity and ability to turn other assets into cash to pay off
the short-term as well as long term obligation. It does not only measure the cash level of the