Inghams Group Balance Sheet Health
Financial Health criteria checks 3/6
Inghams Group has a total shareholder equity of A$219.6M and total debt of A$587.1M, which brings its debt-to-equity ratio to 267.3%. Its total assets and total liabilities are A$2.4B and A$2.2B respectively. Inghams Group's EBIT is A$225.9M making its interest coverage ratio 2.7. It has cash and short-term investments of A$111.9M.
Key information
267.3%
Debt to equity ratio
AU$587.10m
Debt
| Interest coverage ratio | 2.7x |
| Cash | AU$111.90m |
| Equity | AU$219.60m |
| Total liabilities | AU$2.18b |
| Total assets | AU$2.40b |
Recent financial health updates
Here's Why Inghams Group (ASX:ING) Has A Meaningful Debt Burden
Jun 14
We Think Inghams Group (ASX:ING) Can Stay On Top Of Its Debt
Oct 06Is Inghams Group (ASX:ING) A Risky Investment?
Jun 14Is Inghams Group (ASX:ING) A Risky Investment?
Feb 21Recent updates
Inghams Group's (ASX:ING) Dividend Will Be Reduced To A$0.08
Aug 26Getting In Cheap On Inghams Group Limited (ASX:ING) Is Unlikely
Aug 14Inghams Group Limited (ASX:ING) Shares Could Be 43% Below Their Intrinsic Value Estimate
Jul 02Here's What's Concerning About Inghams Group's (ASX:ING) Returns On Capital
May 22Inghams Group Limited's (ASX:ING) Popularity With Investors Is Under Threat From Overpricing
Feb 17We Think Some Shareholders May Hesitate To Increase Inghams Group Limited's (ASX:ING) CEO Compensation
Oct 31Inghams Group (ASX:ING) Is Paying Out A Larger Dividend Than Last Year
Sep 02Inghams Group (ASX:ING) Will Pay A Larger Dividend Than Last Year At A$0.10
Aug 19Inghams Group's (ASX:ING) Dividend Is Being Reduced To A$0.045
Feb 20Inghams Group (ASX:ING) Will Pay A Smaller Dividend Than Last Year
Sep 12Inghams Group's (ASX:ING) Dividend Will Be Reduced To A$0.005
Aug 29Inghams Group Limited's (ASX:ING) Intrinsic Value Is Potentially 30% Above Its Share Price
Aug 20Here's Why Inghams Group (ASX:ING) Has A Meaningful Debt Burden
Jun 14Returns On Capital Signal Tricky Times Ahead For Inghams Group (ASX:ING)
May 04Inghams Group's (ASX:ING) Dividend Will Be Reduced To AU$0.065
Mar 07Inghams Group's (ASX:ING) Shareholders Will Receive A Smaller Dividend Than Last Year
Feb 21Investors Could Be Concerned With Inghams Group's (ASX:ING) Returns On Capital
Feb 02We Think Inghams Group (ASX:ING) Can Stay On Top Of Its Debt
Oct 06Inghams Group (ASX:ING) Is Paying Out A Larger Dividend Than Last Year
Aug 27Earnings Update: Inghams Group Limited (ASX:ING) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts
Aug 22Returns On Capital At Inghams Group (ASX:ING) Paint A Concerning Picture
Aug 10Is Inghams Group (ASX:ING) A Risky Investment?
Jun 14Inghams Group (ASX:ING) Might Be Having Difficulty Using Its Capital Effectively
May 03Inghams Group Limited (ASX:ING) Shares Could Be 25% Below Their Intrinsic Value Estimate
Apr 02Do Institutions Own Inghams Group Limited (ASX:ING) Shares?
Mar 20Do Investors Have Good Reason To Be Wary Of Inghams Group Limited's (ASX:ING) 4.1% Dividend Yield?
Mar 07Is Inghams Group (ASX:ING) A Risky Investment?
Feb 21Have Insiders Been Buying Inghams Group Limited (ASX:ING) Shares?
Feb 07Financial Position Analysis
Short Term Liabilities: ING's short term assets (A$747.5M) exceed its short term liabilities (A$693.3M).
Long Term Liabilities: ING's short term assets (A$747.5M) do not cover its long term liabilities (A$1.5B).
Debt to Equity History and Analysis
Debt Level: ING's net debt to equity ratio (216.4%) is considered high.
Reducing Debt: ING's debt to equity ratio has reduced from 303.6% to 267.3% over the past 5 years.
Debt Coverage: ING's debt is well covered by operating cash flow (71.3%).
Interest Coverage: ING's interest payments on its debt are not well covered by EBIT (2.7x coverage).