Ingredion Balance Sheet Health
Financial Health criteria checks 4/6
Ingredion has a total shareholder equity of $3.4B and total debt of $2.4B, which brings its debt-to-equity ratio to 70.4%. Its total assets and total liabilities are $7.5B and $4.1B respectively. Ingredion's EBIT is $915.0M making its interest coverage ratio 7.5. It has cash and short-term investments of $341.0M.
Key information
70.4%
Debt to equity ratio
US$2.41b
Debt
Interest coverage ratio | 7.5x |
Cash | US$341.00m |
Equity | US$3.42b |
Total liabilities | US$4.13b |
Total assets | US$7.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: I2NG34's short term assets ($3.3B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: I2NG34's short term assets ($3.3B) exceed its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: I2NG34's net debt to equity ratio (60.4%) is considered high.
Reducing Debt: I2NG34's debt to equity ratio has increased from 58.5% to 70.4% over the past 5 years.
Debt Coverage: I2NG34's debt is well covered by operating cash flow (29.9%).
Interest Coverage: I2NG34's interest payments on its debt are well covered by EBIT (7.5x coverage).