Simply Good Foods Balance Sheet Health
Financial Health criteria checks 6/6
Simply Good Foods has a total shareholder equity of $1.6B and total debt of $237.6M, which brings its debt-to-equity ratio to 14.4%. Its total assets and total liabilities are $2.1B and $500.1M respectively. Simply Good Foods's EBIT is $213.2M making its interest coverage ratio 9.2. It has cash and short-term investments of $135.9M.
Key information
14.4%
Debt to equity ratio
US$237.64m
Debt
Interest coverage ratio | 9.2x |
Cash | US$135.88m |
Equity | US$1.65b |
Total liabilities | US$500.08m |
Total assets | US$2.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 76L's short term assets ($435.8M) exceed its short term liabilities ($103.7M).
Long Term Liabilities: 76L's short term assets ($435.8M) exceed its long term liabilities ($396.4M).
Debt to Equity History and Analysis
Debt Level: 76L's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: 76L's debt to equity ratio has reduced from 23.4% to 14.4% over the past 5 years.
Debt Coverage: 76L's debt is well covered by operating cash flow (89.1%).
Interest Coverage: 76L's interest payments on its debt are well covered by EBIT (9.2x coverage).