Inghams Group Balance Sheet Health
Financial Health criteria checks 2/6
Inghams Group has a total shareholder equity of A$225.4M and total debt of A$566.1M, which brings its debt-to-equity ratio to 251.2%. Its total assets and total liabilities are A$2.6B and A$2.4B respectively. Inghams Group's EBIT is A$220.6M making its interest coverage ratio 2.7. It has cash and short-term investments of A$87.4M.
Key information
251.2%
Debt to equity ratio
AU$566.10m
Debt
Interest coverage ratio | 2.7x |
Cash | AU$87.40m |
Equity | AU$225.40m |
Total liabilities | AU$2.37b |
Total assets | AU$2.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ING's short term assets (A$782.5M) exceed its short term liabilities (A$748.1M).
Long Term Liabilities: ING's short term assets (A$782.5M) do not cover its long term liabilities (A$1.6B).
Debt to Equity History and Analysis
Debt Level: ING's net debt to equity ratio (212.4%) is considered high.
Reducing Debt: ING's debt to equity ratio has increased from 214.6% to 251.2% over the past 5 years.
Debt Coverage: ING's debt is well covered by operating cash flow (76.1%).
Interest Coverage: ING's interest payments on its debt are not well covered by EBIT (2.7x coverage).