Conagra Brands Balance Sheet Health
Financial Health criteria checks 3/6
Conagra Brands has a total shareholder equity of $9.2B and total debt of $8.7B, which brings its debt-to-equity ratio to 94.1%. Its total assets and total liabilities are $21.9B and $12.7B respectively. Conagra Brands's EBIT is $1.9B making its interest coverage ratio 4.3. It has cash and short-term investments of $78.5M.
Key information
94.1%
Debt to equity ratio
US$8.68b
Debt
Interest coverage ratio | 4.3x |
Cash | US$78.50m |
Equity | US$9.23b |
Total liabilities | US$12.69b |
Total assets | US$21.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CAO's short term assets ($3.3B) do not cover its short term liabilities ($3.5B).
Long Term Liabilities: CAO's short term assets ($3.3B) do not cover its long term liabilities ($9.2B).
Debt to Equity History and Analysis
Debt Level: CAO's net debt to equity ratio (93.2%) is considered high.
Reducing Debt: CAO's debt to equity ratio has reduced from 147% to 94.1% over the past 5 years.
Debt Coverage: CAO's debt is well covered by operating cash flow (21%).
Interest Coverage: CAO's interest payments on its debt are well covered by EBIT (4.3x coverage).