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 20.4%. Its total assets and total liabilities are CA$16.9B and CA$11.4B respectively. Empire's EBIT is CA$1.2B making its interest coverage ratio 4.4. It has cash and short-term investments of CA$312.9M.
Key information
20.4%
Debt to equity ratio
CA$1.13b
Debt
| Interest coverage ratio | 4.4x |
| Cash | CA$312.90m |
| Equity | CA$5.53b |
| Total liabilities | CA$11.39b |
| Total assets | CA$16.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C15's short term assets (CA$3.1B) do not cover its short term liabilities (CA$3.9B).
Long Term Liabilities: C15'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: C15's net debt to equity ratio (14.7%) is considered satisfactory.
Reducing Debt: C15's debt to equity ratio has reduced from 53.4% to 20.4% over the past 5 years.
Debt Coverage: C15's debt is well covered by operating cash flow (177.6%).
Interest Coverage: C15's interest payments on its debt are well covered by EBIT (4.4x coverage).