Central Garden & Pet Balance Sheet Health
Financial Health criteria checks 4/6
Central Garden & Pet has a total shareholder equity of $1.5B and total debt of $1.2B, which brings its debt-to-equity ratio to 81.9%. Its total assets and total liabilities are $3.4B and $2.0B respectively. Central Garden & Pet's EBIT is $239.9M making its interest coverage ratio 5.3. It has cash and short-term investments of $341.4M.
Key information
81.9%
Debt to equity ratio
US$1.19b
Debt
Interest coverage ratio | 5.3x |
Cash | US$341.42m |
Equity | US$1.45b |
Total liabilities | US$1.97b |
Total assets | US$3.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GP7's short term assets ($1.7B) exceed its short term liabilities ($494.2M).
Long Term Liabilities: GP7's short term assets ($1.7B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: GP7's net debt to equity ratio (58.4%) is considered high.
Reducing Debt: GP7's debt to equity ratio has increased from 72.4% to 81.9% over the past 5 years.
Debt Coverage: GP7's debt is well covered by operating cash flow (31.5%).
Interest Coverage: GP7's interest payments on its debt are well covered by EBIT (5.3x coverage).