Cal-Maine Foods Balance Sheet Health
Financial Health criteria checks 6/6
Cal-Maine Foods has a total shareholder equity of $1.7B and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $2.1B and $412.6M respectively. Cal-Maine Foods's EBIT is $315.9M making its interest coverage ratio -7.5. It has cash and short-term investments of $694.8M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | -7.5x |
Cash | US$694.84m |
Equity | US$1.72b |
Total liabilities | US$412.57m |
Total assets | US$2.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CM2's short term assets ($1.2B) exceed its short term liabilities ($215.7M).
Long Term Liabilities: CM2's short term assets ($1.2B) exceed its long term liabilities ($196.9M).
Debt to Equity History and Analysis
Debt Level: CM2 is debt free.
Reducing Debt: CM2 has no debt compared to 5 years ago when its debt to equity ratio was 0.2%.
Debt Coverage: CM2 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CM2 has no debt, therefore coverage of interest payments is not a concern.