RCMECredit materiality pre-analysisIncludes illustrative values
Analytical aid.Not a rating or rating recommendation. Public data only.
Boston Scientific
CIK
0000885725
SIC
3841
Event
8-K Item 1.05 · cyber incident
Identified
2026-08-25
Filed
2026-09-08
Overall
Moderate to Elevated
Audit trailOpen memo

Issuer state, before the event · financials as of 2026-09-08

Boston Scientific

Verified S&P coverage evidenced in the issuer's own Form 10-K for fiscal year 2025, filed Feb 17 2026, Risk Factors; the rating itself is not shown.

Profile

CIK
0000885725
SIC
3841
Sector (engine map)
Pharma and devices Derived
Reportable segments
2 Verified
Fiscal period
FY2025
Financials as of
last 10-K before 2026-09-08
Ratio table
Standard (default) internal calibration

Source documents

  • XBRL company facts0000885725-26-000010
  • Form 10-K FY20250000885725-26-000010
  • Form 8-K Item 1.052026-09-08

Financial context, FY2025 (USD m)

As-reported proxies. S&P adjustments not applied.

DerivedVerifiedNeeds analyst input
MetricUSD mProvenanceXBRL tags or formula
EBITDA4,981DerivedDerivedOperatingIncomeLoss + DepreciationDepletionAndAmortization
Debt11,436DerivedDerivedDebtCurrent + LongTermDebtAndCapitalLeaseObligations
FFO4,101DerivedDerivedOperatingIncomeLoss + DepreciationDepletionAndAmortization + InterestPaidNet + IncomeTaxesPaidNet
CFO4,534VerifiedVerifiedNetCashProvidedByUsedInOperatingActivities
FOCF3,658DerivedDerivedNetCashProvidedByUsedInOperatingActivities + PaymentsToAcquirePropertyPlantAndEquipment
DCFNeeds analyst inputDerivedNetCashProvidedByUsedInOperatingActivities + PaymentsToAcquirePropertyPlantAndEquipmentmissing: dividends_paid, share_repurchases
Cash interest319VerifiedVerifiedInterestPaidNet
Operating leases (shown separately)536VerifiedVerifiedOperatingLeaseLiability

Core ratios against S&P published bands

standard volatility table. Bands shown by numeric range.

FFO to debt35.9%Verifiedpre-event

In the 30% to 45% range. 19.5% above the next weaker boundary (30%), so not borderline.

Debt to EBITDA2.30xVerifiedpre-event

In the 2x to 3x range. 23.5% below the next weaker boundary (3x), so not borderline.

Pre-eventWithin 10% of a band boundary