High Liner Foods Balance Sheet Health
Financial Health criteria checks 5/6
High Liner Foods has a total shareholder equity of $409.8M and total debt of $218.0M, which brings its debt-to-equity ratio to 53.2%. Its total assets and total liabilities are $830.5M and $420.7M respectively. High Liner Foods's EBIT is $72.8M making its interest coverage ratio 3.3. It has cash and short-term investments of $9.6M.
Key information
53.2%
Debt to equity ratio
US$218.01m
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$9.63m |
| Equity | US$409.80m |
| Total liabilities | US$420.67m |
| Total assets | US$830.47m |
Recent financial health updates
High Liner Foods (TSE:HLF) Has A Somewhat Strained Balance Sheet
Jul 15
Is High Liner Foods (TSE:HLF) A Risky Investment?
Mar 30These 4 Measures Indicate That High Liner Foods (TSE:HLF) Is Using Debt Reasonably Well
Nov 30Recent updates
High Liner Foods' (TSE:HLF) Profits Appear To Have Quality Issues
Nov 16High Liner Foods (TSE:HLF) Is Increasing Its Dividend To $0.17
Nov 12High Liner Foods (TSE:HLF) Will Pay A Larger Dividend Than Last Year At $0.13
May 23High Liner Foods (TSE:HLF) Has Announced That It Will Be Increasing Its Dividend To $0.13
Feb 27High Liner Foods' (TSE:HLF) Upcoming Dividend Will Be Larger Than Last Year's
Nov 13High Liner Foods (TSE:HLF) Has A Somewhat Strained Balance Sheet
Jul 15We Think Some Shareholders May Hesitate To Increase High Liner Foods Incorporated's (TSE:HLF) CEO Compensation
May 12Read This Before Buying High Liner Foods Incorporated (TSE:HLF) For Its Dividend
Apr 14Is High Liner Foods (TSE:HLF) A Risky Investment?
Mar 30What Type Of Shareholders Make Up High Liner Foods Incorporated's (TSE:HLF) Share Registry?
Mar 17Independent Chairman Robert Pace Just Bought 7.1% More Shares In High Liner Foods Incorporated (TSE:HLF)
Mar 04High Liner Foods (TSE:HLF) Shareholders Have Enjoyed A 39% Share Price Gain
Feb 22Is There An Opportunity With High Liner Foods Incorporated's (TSE:HLF) 48% Undervaluation?
Feb 09Should We Be Cautious About High Liner Foods Incorporated's (TSE:HLF) ROE Of 6.6%?
Jan 27
How Many High Liner Foods Incorporated (TSE:HLF) Shares Did Insiders Buy, In The Last Year?
Jan 12Should You Buy High Liner Foods Incorporated (TSE:HLF) For Its Dividend?
Dec 28Do Institutions Own High Liner Foods Incorporated (TSE:HLF) Shares?
Dec 14These 4 Measures Indicate That High Liner Foods (TSE:HLF) Is Using Debt Reasonably Well
Nov 30Financial Position Analysis
Short Term Liabilities: HLF's short term assets ($395.4M) exceed its short term liabilities ($148.7M).
Long Term Liabilities: HLF's short term assets ($395.4M) exceed its long term liabilities ($271.9M).
Debt to Equity History and Analysis
Debt Level: HLF's net debt to equity ratio (50.9%) is considered high.
Reducing Debt: HLF's debt to equity ratio has reduced from 119.8% to 53.2% over the past 5 years.
Debt Coverage: HLF's debt is well covered by operating cash flow (62.8%).
Interest Coverage: HLF's interest payments on its debt are well covered by EBIT (3.3x coverage).