Bega Cheese Balance Sheet Health
Financial Health criteria checks 4/6
Bega Cheese has a total shareholder equity of A$1.0B and total debt of A$319.0M, which brings its debt-to-equity ratio to 31.3%. Its total assets and total liabilities are A$2.2B and A$1.2B respectively. Bega Cheese's EBIT is A$21.6M making its interest coverage ratio 0.8. It has cash and short-term investments of A$69.1M.
Key information
31.3%
Debt to equity ratio
AU$319.00m
Debt
Interest coverage ratio | 0.8x |
Cash | AU$69.10m |
Equity | AU$1.02b |
Total liabilities | AU$1.21b |
Total assets | AU$2.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: B6G's short term assets (A$899.9M) exceed its short term liabilities (A$692.1M).
Long Term Liabilities: B6G's short term assets (A$899.9M) exceed its long term liabilities (A$520.2M).
Debt to Equity History and Analysis
Debt Level: B6G's net debt to equity ratio (24.5%) is considered satisfactory.
Reducing Debt: B6G's debt to equity ratio has reduced from 61.2% to 31.3% over the past 5 years.
Debt Coverage: B6G's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: B6G's interest payments on its debt are not well covered by EBIT (0.8x coverage).