Ingles Markets Balance Sheet Health
Financial Health criteria checks 6/6
Ingles Markets has a total shareholder equity of $1.6B and total debt of $535.9M, which brings its debt-to-equity ratio to 34.5%. Its total assets and total liabilities are $2.5B and $991.9M respectively. Ingles Markets's EBIT is $209.9M making its interest coverage ratio 9.3. It has cash and short-term investments of $354.8M.
Key information
34.5%
Debt to equity ratio
US$535.87m
Debt
| Interest coverage ratio | 9.3x |
| Cash | US$354.76m |
| Equity | US$1.55b |
| Total liabilities | US$991.89m |
| Total assets | US$2.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IN3A's short term assets ($962.7M) exceed its short term liabilities ($322.4M).
Long Term Liabilities: IN3A's short term assets ($962.7M) exceed its long term liabilities ($669.5M).
Debt to Equity History and Analysis
Debt Level: IN3A's net debt to equity ratio (11.7%) is considered satisfactory.
Reducing Debt: IN3A's debt to equity ratio has reduced from 132.4% to 34.5% over the past 5 years.
Debt Coverage: IN3A's debt is well covered by operating cash flow (52%).
Interest Coverage: IN3A's interest payments on its debt are well covered by EBIT (9.3x coverage).