Invertec Foods Balance Sheet Health
Financial Health criteria checks 2/6
Invertec Foods has a total shareholder equity of $41.0M and total debt of $36.9M, which brings its debt-to-equity ratio to 89.9%. Its total assets and total liabilities are $94.7M and $53.7M respectively. Invertec Foods's EBIT is $3.1M making its interest coverage ratio 1.4. It has cash and short-term investments of $1.4M.
Key information
89.9%
Debt to equity ratio
US$36.86m
Debt
| Interest coverage ratio | 1.4x |
| Cash | US$1.38m |
| Equity | US$40.99m |
| Total liabilities | US$53.72m |
| Total assets | US$94.71m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: INVERFOODS's short term assets ($31.8M) exceed its short term liabilities ($31.7M).
Long Term Liabilities: INVERFOODS's short term assets ($31.8M) exceed its long term liabilities ($22.0M).
Debt to Equity History and Analysis
Debt Level: INVERFOODS's net debt to equity ratio (86.6%) is considered high.
Reducing Debt: INVERFOODS's debt to equity ratio has increased from 75% to 89.9% over the past 5 years.
Debt Coverage: INVERFOODS's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: INVERFOODS's interest payments on its debt are not well covered by EBIT (1.4x coverage).