High Liner Foods Balance Sheet Health
Financial Health criteria checks 4/6
High Liner Foods has a total shareholder equity of $385.9M and total debt of $242.0M, which brings its debt-to-equity ratio to 62.7%. Its total assets and total liabilities are $834.4M and $448.5M respectively. High Liner Foods's EBIT is $68.4M making its interest coverage ratio 2.6. It has cash and short-term investments of $7.3M.
Key information
62.7%
Debt to equity ratio
US$241.98m
Debt
Interest coverage ratio | 2.6x |
Cash | US$7.30m |
Equity | US$385.86m |
Total liabilities | US$448.54m |
Total assets | US$834.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 28Y's short term assets ($417.3M) exceed its short term liabilities ($163.4M).
Long Term Liabilities: 28Y's short term assets ($417.3M) exceed its long term liabilities ($285.2M).
Debt to Equity History and Analysis
Debt Level: 28Y's net debt to equity ratio (60.8%) is considered high.
Reducing Debt: 28Y's debt to equity ratio has reduced from 139.2% to 62.7% over the past 5 years.
Debt Coverage: 28Y's debt is well covered by operating cash flow (74.1%).
Interest Coverage: 28Y's interest payments on its debt are not well covered by EBIT (2.6x coverage).