Nomad Foods Balance Sheet Health
Financial Health criteria checks 2/6
Nomad Foods has a total shareholder equity of €2.7B and total debt of €2.0B, which brings its debt-to-equity ratio to 76.1%. Its total assets and total liabilities are €6.5B and €3.8B respectively. Nomad Foods's EBIT is €425.9M making its interest coverage ratio 3.4. It has cash and short-term investments of €334.4M.
Key information
76.1%
Debt to equity ratio
€2.04b
Debt
| Interest coverage ratio | 3.4x |
| Cash | €334.40m |
| Equity | €2.68b |
| Total liabilities | €3.80b |
| Total assets | €6.48b |
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 (63.7%) is considered high.
Reducing Debt: 0NH's debt to equity ratio has increased from 72.5% to 76.1% over the past 5 years.
Debt Coverage: 0NH's debt is not well covered by operating cash flow (19.2%).
Interest Coverage: 0NH's interest payments on its debt are well covered by EBIT (3.4x coverage).