Farm Pride Foods Balance Sheet Health
Financial Health criteria checks 2/6
Farm Pride Foods has a total shareholder equity of A$4.2M and total debt of A$18.3M, which brings its debt-to-equity ratio to 436.5%. Its total assets and total liabilities are A$61.8M and A$57.6M respectively. Farm Pride Foods's EBIT is A$219.0K making its interest coverage ratio 0.1. It has cash and short-term investments of A$2.2M.
Key information
436.5%
Debt to equity ratio
AU$18.34m
Debt
| Interest coverage ratio | 0.08x |
| Cash | AU$2.21m |
| Equity | AU$4.20m |
| Total liabilities | AU$57.61m |
| Total assets | AU$61.82m |
Recent financial health updates
Is Farm Pride Foods (ASX:FRM) Using Too Much Debt?
Dec 21
Is Farm Pride Foods (ASX:FRM) Using Debt Sensibly?
Sep 01Is Farm Pride Foods (ASX:FRM) A Risky Investment?
Apr 24Is Farm Pride Foods (ASX:FRM) A Risky Investment?
Jun 13Is Farm Pride Foods (ASX:FRM) Using Debt Sensibly?
Feb 27Recent updates
Farm Pride Foods (ASX:FRM) Is Doing The Right Things To Multiply Its Share Price
Apr 05The Market Doesn't Like What It Sees From Farm Pride Foods Limited's (ASX:FRM) Revenues Yet As Shares Tumble 26%
Feb 01Is Farm Pride Foods (ASX:FRM) Using Too Much Debt?
Dec 21Is Farm Pride Foods (ASX:FRM) Using Debt Sensibly?
Sep 01Is Farm Pride Foods (ASX:FRM) A Risky Investment?
Apr 24Is Farm Pride Foods (ASX:FRM) A Risky Investment?
Jun 13Is Farm Pride Foods (ASX:FRM) Using Debt Sensibly?
Feb 27Financial Position Analysis
Short Term Liabilities: FRM's short term assets (A$29.2M) do not cover its short term liabilities (A$38.3M).
Long Term Liabilities: FRM's short term assets (A$29.2M) exceed its long term liabilities (A$19.3M).
Debt to Equity History and Analysis
Debt Level: FRM's net debt to equity ratio (384%) is considered high.
Reducing Debt: FRM's debt to equity ratio has increased from 30.5% to 436.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FRM has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if FRM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.