Natural Grocers by Vitamin Cottage Balance Sheet Health
Financial Health criteria checks 3/6
Natural Grocers by Vitamin Cottage has a total shareholder equity of $153.9M and total debt of $24.1M, which brings its debt-to-equity ratio to 15.7%. Its total assets and total liabilities are $663.2M and $509.3M respectively. Natural Grocers by Vitamin Cottage's EBIT is $37.4M making its interest coverage ratio 11. It has cash and short-term investments of $13.6M.
Key information
15.7%
Debt to equity ratio
US$24.09m
Debt
Interest coverage ratio | 11x |
Cash | US$13.62m |
Equity | US$153.86m |
Total liabilities | US$509.30m |
Total assets | US$663.16m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: N2V's short term assets ($143.3M) do not cover its short term liabilities ($158.9M).
Long Term Liabilities: N2V's short term assets ($143.3M) do not cover its long term liabilities ($350.4M).
Debt to Equity History and Analysis
Debt Level: N2V's net debt to equity ratio (6.8%) is considered satisfactory.
Reducing Debt: N2V's debt to equity ratio has increased from 8.5% to 15.7% over the past 5 years.
Debt Coverage: N2V's debt is well covered by operating cash flow (249.2%).
Interest Coverage: N2V's interest payments on its debt are well covered by EBIT (11x coverage).