Empire Balance Sheet Health
Financial Health criteria checks 4/6
Empire has a total shareholder equity of CA$5.5B and total debt of CA$1.1B, which brings its debt-to-equity ratio to 20%. Its total assets and total liabilities are CA$16.8B and CA$11.3B respectively. Empire's EBIT is CA$1.2B making its interest coverage ratio 4.5. It has cash and short-term investments of CA$259.6M.
Key information
20.0%
Debt to equity ratio
CA$1.10b
Debt
| Interest coverage ratio | 4.5x |
| Cash | CA$259.60m |
| Equity | CA$5.47b |
| Total liabilities | CA$11.32b |
| Total assets | CA$16.79b |
Recent financial health updates
Here's Why Empire (TSE:EMP.A) Has A Meaningful Debt Burden
Jun 17
Is Empire (TSE:EMP.A) A Risky Investment?
Feb 12Here's Why Empire (TSE:EMP.A) Has A Meaningful Debt Burden
Oct 04Empire (TSE:EMP.A) Has A Somewhat Strained Balance Sheet
Jun 22Here's Why Empire (TSE:EMP.A) Can Manage Its Debt Responsibly
Mar 08Empire (TSE:EMP.A) Seems To Use Debt Quite Sensibly
Oct 29Recent updates
Little Excitement Around Empire Company Limited's (TSE:EMP.A) Earnings
Aug 27Returns At Empire (TSE:EMP.A) Appear To Be Weighed Down
Jul 27Here's Why Empire (TSE:EMP.A) Has A Meaningful Debt Burden
Jun 17Estimating The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)
May 21Empire Company Limited's (TSE:EMP.A) Share Price Is Matching Sentiment Around Its Earnings
May 07Empire (TSE:EMP.A) Strong Profits May Be Masking Some Underlying Issues
Mar 22Is Empire (TSE:EMP.A) A Risky Investment?
Feb 12Estimating The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)
Jan 30Empire Company Limited's (TSE:EMP.A) Business Is Yet to Catch Up With Its Share Price
Jan 16Returns Are Gaining Momentum At Empire (TSE:EMP.A)
Dec 04Here's Why Empire (TSE:EMP.A) Has A Meaningful Debt Burden
Oct 04Empire (TSE:EMP.A) Shareholders Will Want The ROCE Trajectory To Continue
Aug 24Empire's (TSE:EMP.A) Dividend Will Be Increased To CA$0.1825
Jun 27Empire (TSE:EMP.A) Has A Somewhat Strained Balance Sheet
Jun 22The Returns At Empire (TSE:EMP.A) Aren't Growing
May 05Here's Why Empire (TSE:EMP.A) Can Manage Its Debt Responsibly
Mar 08Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?
Feb 06Empire (TSE:EMP.A) Shareholders Will Want The ROCE Trajectory To Continue
Dec 28A Look At The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)
Nov 25Empire (TSE:EMP.A) Seems To Use Debt Quite Sensibly
Oct 29Empire (TSE:EMP.A) Shareholders Will Want The ROCE Trajectory To Continue
Sep 20Empire Company Limited's (TSE:EMP.A) Intrinsic Value Is Potentially 23% Below Its Share Price
Aug 25Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?
Aug 01Does Empire (TSE:EMP.A) Have A Healthy Balance Sheet?
Jul 20Empire (TSE:EMP.A) Is Increasing Its Dividend To CA$0.17
Jun 26Empire (TSE:EMP.A) Might Have The Makings Of A Multi-Bagger
Jun 10Is Empire Company Limited (TSE:EMP.A) Expensive For A Reason? A Look At Its Intrinsic Value
May 15Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?
Apr 12Is Empire (TSE:EMP.A) Using Too Much Debt?
Mar 14Empire (TSE:EMP.A) Shareholders Will Want The ROCE Trajectory To Continue
Feb 15A Look At The Fair Value Of Empire Company Limited (TSE:EMP.A)
Jan 20Is Now The Time To Put Empire (TSE:EMP.A) On Your Watchlist?
Jan 08Is Empire (TSE:EMP.A) Using Too Much Debt?
Dec 14Returns At Empire (TSE:EMP.A) Appear To Be Weighed Down
Nov 16Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?
Sep 29Is Empire Company Limited (TSE:EMP.A) Trading At A 24% Discount?
Sep 15The Compensation For Empire Company Limited's (TSE:EMP.A) CEO Looks Deserved And Here's Why
Sep 03We Think Empire (TSE:EMP.A) Can Stay On Top Of Its Debt
Sep 01Financial Position Analysis
Short Term Liabilities: EMP.A's short term assets (CA$3.1B) do not cover its short term liabilities (CA$3.9B).
Long Term Liabilities: EMP.A's short term assets (CA$3.1B) 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 (15.3%) is considered satisfactory.
Reducing Debt: EMP.A's debt to equity ratio has reduced from 48.8% to 20% over the past 5 years.
Debt Coverage: EMP.A's debt is well covered by operating cash flow (189.4%).
Interest Coverage: EMP.A's interest payments on its debt are well covered by EBIT (4.5x coverage).