Kerry Group Balance Sheet Health
Financial Health criteria checks 6/6
Kerry Group has a total shareholder equity of €6.5B and total debt of €2.5B, which brings its debt-to-equity ratio to 38%. Its total assets and total liabilities are €11.7B and €5.2B respectively. Kerry Group's EBIT is €857.9M making its interest coverage ratio 16.1. It has cash and short-term investments of €943.7M.
Key information
38.0%
Debt to equity ratio
€2.48b
Debt
Interest coverage ratio | 16.1x |
Cash | €943.70m |
Equity | €6.52b |
Total liabilities | €5.17b |
Total assets | €11.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KRZ's short term assets (€3.3B) exceed its short term liabilities (€2.0B).
Long Term Liabilities: KRZ's short term assets (€3.3B) exceed its long term liabilities (€3.2B).
Debt to Equity History and Analysis
Debt Level: KRZ's net debt to equity ratio (23.5%) is considered satisfactory.
Reducing Debt: KRZ's debt to equity ratio has reduced from 53% to 38% over the past 5 years.
Debt Coverage: KRZ's debt is well covered by operating cash flow (41.9%).
Interest Coverage: KRZ's interest payments on its debt are well covered by EBIT (16.1x coverage).