Bakkavor Group Balance Sheet Health
Financial Health criteria checks 4/6
Bakkavor Group has a total shareholder equity of £607.6M and total debt of £266.1M, which brings its debt-to-equity ratio to 43.8%. Its total assets and total liabilities are £1.5B and £872.7M respectively. Bakkavor Group's EBIT is £95.8M making its interest coverage ratio 3.7. It has cash and short-term investments of £38.4M.
Key information
43.8%
Debt to equity ratio
UK£266.10m
Debt
| Interest coverage ratio | 3.7x |
| Cash | UK£38.40m |
| Equity | UK£607.60m |
| Total liabilities | UK£872.70m |
| Total assets | UK£1.48b |
Recent financial health updates
These 4 Measures Indicate That Bakkavor Group (LON:BAKK) Is Using Debt Extensively
Nov 05
We Think Bakkavor Group (LON:BAKK) Is Taking Some Risk With Its Debt
Jun 25Is Bakkavor Group (LON:BAKK) Using Too Much Debt?
Mar 18Recent updates
Bakkavor Group (LON:BAKK) Is Increasing Its Dividend To £0.0437
Apr 25Bakkavor Group (LON:BAKK) Has Announced That It Will Be Increasing Its Dividend To £0.0437
Mar 16Results: Bakkavor Group plc Beat Earnings Expectations And Analysts Now Have New Forecasts
Mar 08Bakkavor Group (LON:BAKK) Is Paying Out A Larger Dividend Than Last Year
Sep 09Here's What's Concerning About Bakkavor Group's (LON:BAKK) Returns On Capital
Jul 22Bakkavor Group's (LON:BAKK) Returns On Capital Not Reflecting Well On The Business
Apr 15Bakkavor Group's (LON:BAKK) Dividend Will Be Increased To £0.0416
Mar 11Are Investors Undervaluing Bakkavor Group plc (LON:BAKK) By 28%?
Oct 06Bakkavor Group (LON:BAKK) Has Announced That It Will Be Increasing Its Dividend To £0.0277
Sep 11Why Bakkavor Group plc (LON:BAKK) Could Be Worth Watching
Jul 20Bakkavor Group (LON:BAKK) Is Reinvesting At Lower Rates Of Return
May 10Bakkavor Group (LON:BAKK) Has Affirmed Its Dividend Of UK£0.04
Apr 19Is It Time To Consider Buying Bakkavor Group plc (LON:BAKK)?
Apr 05Bakkavor Group (LON:BAKK) Has Some Way To Go To Become A Multi-Bagger
Jan 13A Look At The Fair Value Of Bakkavor Group plc (LON:BAKK)
Dec 25Is It Time To Consider Buying Bakkavor Group plc (LON:BAKK)?
Dec 07These 4 Measures Indicate That Bakkavor Group (LON:BAKK) Is Using Debt Extensively
Nov 05Bakkavor Group (LON:BAKK) Is Reinvesting At Lower Rates Of Return
Aug 21Is Bakkavor Group plc (LON:BAKK) Trading At A 36% Discount?
Jul 31At UK£1.31, Is Bakkavor Group plc (LON:BAKK) Worth Looking At Closely?
Jul 12We Think Bakkavor Group (LON:BAKK) Is Taking Some Risk With Its Debt
Jun 25Bakkavor Group (LON:BAKK) Will Be Hoping To Turn Its Returns On Capital Around
May 03Are Investors Undervaluing Bakkavor Group plc (LON:BAKK) By 30%?
Apr 18Is It Time To Consider Buying Bakkavor Group plc (LON:BAKK)?
Apr 03Is Bakkavor Group (LON:BAKK) Using Too Much Debt?
Mar 18Can Bakkavor Group plc (LON:BAKK) Performance Keep Up Given Its Mixed Bag Of Fundamentals?
Feb 25If You Had Bought Bakkavor Group's (LON:BAKK) Shares Three Years Ago You Would Be Down 61%
Jan 31
Will Bakkavor Group (LON:BAKK) Multiply In Value Going Forward?
Jan 10What Is Bakkavor Group plc's (LON:BAKK) Share Price Doing?
Dec 20Should You Use Bakkavor Group's (LON:BAKK) Statutory Earnings To Analyse It?
Dec 05How Does Bakkavor Group's (LON:BAKK) CEO Salary Compare to Peers?
Nov 17Financial Position Analysis
Short Term Liabilities: BAKK's short term assets (£281.7M) do not cover its short term liabilities (£498.9M).
Long Term Liabilities: BAKK's short term assets (£281.7M) do not cover its long term liabilities (£373.8M).
Debt to Equity History and Analysis
Debt Level: BAKK's net debt to equity ratio (37.5%) is considered satisfactory.
Reducing Debt: BAKK's debt to equity ratio has reduced from 55.2% to 43.8% over the past 5 years.
Debt Coverage: BAKK's debt is well covered by operating cash flow (55.5%).
Interest Coverage: BAKK's interest payments on its debt are well covered by EBIT (3.7x coverage).