Kroger Balance Sheet Health
Financial Health criteria checks 3/6
Kroger has a total shareholder equity of $11.6B and total debt of $10.3B, which brings its debt-to-equity ratio to 88.8%. Its total assets and total liabilities are $50.5B and $38.9B respectively. Kroger's EBIT is $5.0B making its interest coverage ratio 11.3. It has cash and short-term investments of $1.9B.
Key information
88.8%
Debt to equity ratio
US$10.31b
Debt
Interest coverage ratio | 11.3x |
Cash | US$1.88b |
Equity | US$11.60b |
Total liabilities | US$38.90b |
Total assets | US$50.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0JS2's short term assets ($12.9B) do not cover its short term liabilities ($16.1B).
Long Term Liabilities: 0JS2's short term assets ($12.9B) do not cover its long term liabilities ($22.8B).
Debt to Equity History and Analysis
Debt Level: 0JS2's net debt to equity ratio (72.6%) is considered high.
Reducing Debt: 0JS2's debt to equity ratio has reduced from 182.8% to 88.8% over the past 5 years.
Debt Coverage: 0JS2's debt is well covered by operating cash flow (65.9%).
Interest Coverage: 0JS2's interest payments on its debt are well covered by EBIT (11.3x coverage).