Empire Balance Sheet Health

Financial Health criteria checks 4/6

Empire has a total shareholder equity of CA$5.4B and total debt of CA$941.7M, which brings its debt-to-equity ratio to 17.3%. Its total assets and total liabilities are CA$16.5B and CA$11.1B respectively. Empire's EBIT is CA$1.2B making its interest coverage ratio 4.3. It has cash and short-term investments of CA$249.1M.

Key information

17.3%

Debt to equity ratio

CA$941.70m

Debt

Interest coverage ratio4.3x
CashCA$249.10m
EquityCA$5.45b
Total liabilitiesCA$11.06b
Total assetsCA$16.51b

Recent financial health updates

Recent updates

Empire (TSE:EMP.A) Strong Profits May Be Masking Some Underlying Issues

Mar 22
Empire (TSE:EMP.A) Strong Profits May Be Masking Some Underlying Issues

Is Empire (TSE:EMP.A) A Risky Investment?

Feb 12
Is Empire (TSE:EMP.A) A Risky Investment?

Estimating The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)

Jan 30
Estimating The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)

Empire Company Limited's (TSE:EMP.A) Business Is Yet to Catch Up With Its Share Price

Jan 16
Empire Company Limited's (TSE:EMP.A) Business Is Yet to Catch Up With Its Share Price

Returns Are Gaining Momentum At Empire (TSE:EMP.A)

Dec 04
Returns Are Gaining Momentum At Empire (TSE:EMP.A)

Here's Why Empire (TSE:EMP.A) Has A Meaningful Debt Burden

Oct 04
Here's Why Empire (TSE:EMP.A) Has A Meaningful Debt Burden

Empire (TSE:EMP.A) Shareholders Will Want The ROCE Trajectory To Continue

Aug 24
Empire (TSE:EMP.A) Shareholders Will Want The ROCE Trajectory To Continue

Empire's (TSE:EMP.A) Dividend Will Be Increased To CA$0.1825

Jun 27
Empire's (TSE:EMP.A) Dividend Will Be Increased To CA$0.1825

Empire (TSE:EMP.A) Has A Somewhat Strained Balance Sheet

Jun 22
Empire (TSE:EMP.A) Has A Somewhat Strained Balance Sheet

The Returns At Empire (TSE:EMP.A) Aren't Growing

May 05
The Returns At Empire (TSE:EMP.A) Aren't Growing

Here's Why Empire (TSE:EMP.A) Can Manage Its Debt Responsibly

Mar 08
Here's Why Empire (TSE:EMP.A) Can Manage Its Debt Responsibly

Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?

Feb 06
Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?

Empire (TSE:EMP.A) Shareholders Will Want The ROCE Trajectory To Continue

Dec 28
Empire (TSE:EMP.A) Shareholders Will Want The ROCE Trajectory To Continue

A Look At The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)

Nov 25
A Look At The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)

Empire (TSE:EMP.A) Seems To Use Debt Quite Sensibly

Oct 29
Empire (TSE:EMP.A) Seems To Use Debt Quite Sensibly

Empire (TSE:EMP.A) Shareholders Will Want The ROCE Trajectory To Continue

Sep 20
Empire (TSE:EMP.A) Shareholders Will Want The ROCE Trajectory To Continue

Empire Company Limited's (TSE:EMP.A) Intrinsic Value Is Potentially 23% Below Its Share Price

Aug 25
Empire Company Limited's (TSE:EMP.A) Intrinsic Value Is Potentially 23% Below Its Share Price

Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?

Aug 01
Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?

Does Empire (TSE:EMP.A) Have A Healthy Balance Sheet?

Jul 20
Does Empire (TSE:EMP.A) Have A Healthy Balance Sheet?

Empire (TSE:EMP.A) Is Increasing Its Dividend To CA$0.17

Jun 26
Empire (TSE:EMP.A) Is Increasing Its Dividend To CA$0.17

Empire (TSE:EMP.A) Might Have The Makings Of A Multi-Bagger

Jun 10
Empire (TSE:EMP.A) Might Have The Makings Of A Multi-Bagger

Is Empire Company Limited (TSE:EMP.A) Expensive For A Reason? A Look At Its Intrinsic Value

May 15
Is Empire Company Limited (TSE:EMP.A) Expensive For A Reason? A Look At Its Intrinsic Value

Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?

Apr 12
Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?

Is Empire (TSE:EMP.A) Using Too Much Debt?

Mar 14
Is Empire (TSE:EMP.A) Using Too Much Debt?

Empire (TSE:EMP.A) Shareholders Will Want The ROCE Trajectory To Continue

Feb 15
Empire (TSE:EMP.A) Shareholders Will Want The ROCE Trajectory To Continue

A Look At The Fair Value Of Empire Company Limited (TSE:EMP.A)

Jan 20
A Look At The Fair Value Of Empire Company Limited (TSE:EMP.A)

Is Now The Time To Put Empire (TSE:EMP.A) On Your Watchlist?

Jan 08
Is Now The Time To Put Empire (TSE:EMP.A) On Your Watchlist?

Is Empire (TSE:EMP.A) Using Too Much Debt?

Dec 14
Is Empire (TSE:EMP.A) Using Too Much Debt?

Returns At Empire (TSE:EMP.A) Appear To Be Weighed Down

Nov 16
Returns At Empire (TSE:EMP.A) Appear To Be Weighed Down

Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?

Sep 29
Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?

Is Empire Company Limited (TSE:EMP.A) Trading At A 24% Discount?

Sep 15
Is Empire Company Limited (TSE:EMP.A) Trading At A 24% Discount?

The Compensation For Empire Company Limited's (TSE:EMP.A) CEO Looks Deserved And Here's Why

Sep 03
The Compensation For Empire Company Limited's (TSE:EMP.A) CEO Looks Deserved And Here's Why

We Think Empire (TSE:EMP.A) Can Stay On Top Of Its Debt

Sep 01
We Think Empire (TSE:EMP.A) Can Stay On Top Of Its Debt

Returns On Capital At Empire (TSE:EMP.A) Have Hit The Brakes

Aug 05
Returns On Capital At Empire (TSE:EMP.A) Have Hit The Brakes

Empire (TSE:EMP.A) Is Increasing Its Dividend To CA$0.15

Jun 26
Empire (TSE:EMP.A) Is Increasing Its Dividend To CA$0.15

Is Now The Time To Put Empire (TSE:EMP.A) On Your Watchlist?

Jun 06
Is Now The Time To Put Empire (TSE:EMP.A) On Your Watchlist?

Here's Why Empire (TSE:EMP.A) Can Manage Its Debt Responsibly

May 24
Here's Why Empire (TSE:EMP.A) Can Manage Its Debt Responsibly

We Like These Underlying Return On Capital Trends At Empire (TSE:EMP.A)

Apr 29
We Like These Underlying Return On Capital Trends At Empire (TSE:EMP.A)

Financial Position Analysis

Short Term Liabilities: EMP.A's short term assets (CA$2.9B) do not cover its short term liabilities (CA$3.7B).

Long Term Liabilities: EMP.A's short term assets (CA$2.9B) do not cover its long term liabilities (CA$7.4B).


Debt to Equity History and Analysis

Debt Level: EMP.A's net debt to equity ratio (12.7%) is considered satisfactory.

Reducing Debt: EMP.A's debt to equity ratio has reduced from 51.1% to 17.3% over the past 5 years.

Debt Coverage: EMP.A's debt is well covered by operating cash flow (214.8%).

Interest Coverage: EMP.A's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


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