Fresh Del Monte Produce Balance Sheet Health
Financial Health criteria checks 6/6
Fresh Del Monte Produce has a total shareholder equity of $1.9B and total debt of $400.0M, which brings its debt-to-equity ratio to 20.9%. Its total assets and total liabilities are $3.2B and $1.3B respectively. Fresh Del Monte Produce's EBIT is $162.0M making its interest coverage ratio 7.1. It has cash and short-term investments of $35.9M.
Key information
20.9%
Debt to equity ratio
US$400.00m
Debt
Interest coverage ratio | 7.1x |
Cash | US$35.90m |
Equity | US$1.91b |
Total liabilities | US$1.27b |
Total assets | US$3.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FDM's short term assets ($1.1B) exceed its short term liabilities ($540.6M).
Long Term Liabilities: FDM's short term assets ($1.1B) exceed its long term liabilities ($730.8M).
Debt to Equity History and Analysis
Debt Level: FDM's net debt to equity ratio (19%) is considered satisfactory.
Reducing Debt: FDM's debt to equity ratio has reduced from 34.8% to 20.9% over the past 5 years.
Debt Coverage: FDM's debt is well covered by operating cash flow (44.5%).
Interest Coverage: FDM's interest payments on its debt are well covered by EBIT (7.1x coverage).