Simply Good Foods Balance Sheet Health
Financial Health criteria checks 5/6
Simply Good Foods has a total shareholder equity of $1.6B and total debt of $272.0M, which brings its debt-to-equity ratio to 16.9%. Its total assets and total liabilities are $2.1B and $507.9M respectively. Simply Good Foods's EBIT is $208.0M making its interest coverage ratio 7.8. It has cash and short-term investments of $121.4M.
Key information
16.9%
Debt to equity ratio
US$272.03m
Debt
Interest coverage ratio | 7.8x |
Cash | US$121.39m |
Equity | US$1.61b |
Total liabilities | US$507.88m |
Total assets | US$2.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: S2MP34's short term assets ($396.5M) exceed its short term liabilities ($79.0M).
Long Term Liabilities: S2MP34's short term assets ($396.5M) do not cover its long term liabilities ($428.9M).
Debt to Equity History and Analysis
Debt Level: S2MP34's net debt to equity ratio (9.4%) is considered satisfactory.
Reducing Debt: S2MP34's debt to equity ratio has reduced from 23.8% to 16.9% over the past 5 years.
Debt Coverage: S2MP34's debt is well covered by operating cash flow (77.2%).
Interest Coverage: S2MP34's interest payments on its debt are well covered by EBIT (7.8x coverage).