Middleby Balance Sheet Health
Financial Health criteria checks 4/6
Middleby has a total shareholder equity of $3.2B and total debt of $2.4B, which brings its debt-to-equity ratio to 74.6%. Its total assets and total liabilities are $6.9B and $3.7B respectively. Middleby's EBIT is $734.0M making its interest coverage ratio 6.1. It has cash and short-term investments of $250.4M.
Key information
74.6%
Debt to equity ratio
US$2.43b
Debt
Interest coverage ratio | 6.1x |
Cash | US$250.39m |
Equity | US$3.25b |
Total liabilities | US$3.66b |
Total assets | US$6.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0K1G's short term assets ($2.0B) exceed its short term liabilities ($851.1M).
Long Term Liabilities: 0K1G's short term assets ($2.0B) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: 0K1G's net debt to equity ratio (66.9%) is considered high.
Reducing Debt: 0K1G's debt to equity ratio has reduced from 113.9% to 74.6% over the past 5 years.
Debt Coverage: 0K1G's debt is well covered by operating cash flow (25.9%).
Interest Coverage: 0K1G's interest payments on its debt are well covered by EBIT (6.1x coverage).