Bega Cheese Balance Sheet Health
Financial Health criteria checks 5/6
Bega Cheese has a total shareholder equity of A$1.0B and total debt of A$226.7M, which brings its debt-to-equity ratio to 22.3%. Its total assets and total liabilities are A$2.1B and A$1.1B respectively. Bega Cheese's EBIT is A$52.0M making its interest coverage ratio 1.7. It has cash and short-term investments of A$65.6M.
Key information
22.3%
Debt to equity ratio
AU$226.70m
Debt
| Interest coverage ratio | 1.7x |
| Cash | AU$65.60m |
| Equity | AU$1.01b |
| Total liabilities | AU$1.12b |
| Total assets | AU$2.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BGA's short term assets (A$821.7M) exceed its short term liabilities (A$707.5M).
Long Term Liabilities: BGA's short term assets (A$821.7M) exceed its long term liabilities (A$416.5M).
Debt to Equity History and Analysis
Debt Level: BGA's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: BGA's debt to equity ratio has reduced from 38.8% to 22.3% over the past 5 years.
Debt Coverage: BGA's debt is well covered by operating cash flow (59.2%).
Interest Coverage: BGA's interest payments on its debt are not well covered by EBIT (1.7x coverage).