High Liner Foods Balance Sheet Health
Financial Health criteria checks 5/6
High Liner Foods has a total shareholder equity of $409.8M and total debt of $218.0M, which brings its debt-to-equity ratio to 53.2%. Its total assets and total liabilities are $830.5M and $420.7M respectively. High Liner Foods's EBIT is $72.8M making its interest coverage ratio 3.3. It has cash and short-term investments of $9.6M.
Key information
53.2%
Debt to equity ratio
US$218.01m
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$9.63m |
| Equity | US$409.80m |
| Total liabilities | US$420.67m |
| Total assets | US$830.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 28Y's short term assets ($395.4M) exceed its short term liabilities ($148.7M).
Long Term Liabilities: 28Y's short term assets ($395.4M) exceed its long term liabilities ($271.9M).
Debt to Equity History and Analysis
Debt Level: 28Y's net debt to equity ratio (50.9%) is considered high.
Reducing Debt: 28Y's debt to equity ratio has reduced from 119.8% to 53.2% over the past 5 years.
Debt Coverage: 28Y's debt is well covered by operating cash flow (62.8%).
Interest Coverage: 28Y's interest payments on its debt are well covered by EBIT (3.3x coverage).