Inghams Group Balance Sheet Health
Financial Health criteria checks 3/6
Inghams Group has a total shareholder equity of A$219.6M and total debt of A$587.1M, which brings its debt-to-equity ratio to 267.3%. Its total assets and total liabilities are A$2.4B and A$2.2B respectively. Inghams Group's EBIT is A$225.9M making its interest coverage ratio 2.7. It has cash and short-term investments of A$111.9M.
Key information
267.3%
Debt to equity ratio
AU$587.10m
Debt
| Interest coverage ratio | 2.7x |
| Cash | AU$111.90m |
| Equity | AU$219.60m |
| Total liabilities | AU$2.18b |
| Total assets | AU$2.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IH1's short term assets (A$747.5M) exceed its short term liabilities (A$693.3M).
Long Term Liabilities: IH1's short term assets (A$747.5M) do not cover its long term liabilities (A$1.5B).
Debt to Equity History and Analysis
Debt Level: IH1's net debt to equity ratio (216.4%) is considered high.
Reducing Debt: IH1's debt to equity ratio has reduced from 303.6% to 267.3% over the past 5 years.
Debt Coverage: IH1's debt is well covered by operating cash flow (71.3%).
Interest Coverage: IH1's interest payments on its debt are not well covered by EBIT (2.7x coverage).