Associated British Foods Balance Sheet Health
Financial Health criteria checks 6/6
Associated British Foods has a total shareholder equity of £11.3B and total debt of £613.0M, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are £19.0B and £7.7B respectively. Associated British Foods's EBIT is £1.9B making its interest coverage ratio 29.8. It has cash and short-term investments of £1.7B.
Key information
5.4%
Debt to equity ratio
UK£613.00m
Debt
| Interest coverage ratio | 29.8x |
| Cash | UK£1.66b |
| Equity | UK£11.28b |
| Total liabilities | UK£7.74b |
| Total assets | UK£19.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFO1's short term assets (£6.5B) exceed its short term liabilities (£3.7B).
Long Term Liabilities: AFO1's short term assets (£6.5B) exceed its long term liabilities (£4.1B).
Debt to Equity History and Analysis
Debt Level: AFO1 has more cash than its total debt.
Reducing Debt: AFO1's debt to equity ratio has reduced from 6% to 5.4% over the past 5 years.
Debt Coverage: AFO1's debt is well covered by operating cash flow (468.8%).
Interest Coverage: AFO1's interest payments on its debt are well covered by EBIT (29.8x coverage).