Nomad Foods Balance Sheet Health
Financial Health criteria checks 4/6
Nomad Foods has a total shareholder equity of €2.6B and total debt of €2.1B, which brings its debt-to-equity ratio to 79.8%. Its total assets and total liabilities are €6.4B and €3.8B respectively. Nomad Foods's EBIT is €408.3M making its interest coverage ratio 3.4. It has cash and short-term investments of €412.9M.
Key information
79.8%
Debt to equity ratio
€2.07b
Debt
Interest coverage ratio | 3.4x |
Cash | €412.90m |
Equity | €2.59b |
Total liabilities | €3.82b |
Total assets | €6.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0NH's short term assets (€1.2B) exceed its short term liabilities (€1.0B).
Long Term Liabilities: 0NH's short term assets (€1.2B) do not cover its long term liabilities (€2.8B).
Debt to Equity History and Analysis
Debt Level: 0NH's net debt to equity ratio (63.9%) is considered high.
Reducing Debt: 0NH's debt to equity ratio has reduced from 87.4% to 79.8% over the past 5 years.
Debt Coverage: 0NH's debt is well covered by operating cash flow (20.8%).
Interest Coverage: 0NH's interest payments on its debt are well covered by EBIT (3.4x coverage).