Heritage Foods Balance Sheet Health
Financial Health criteria checks 6/6
Heritage Foods has a total shareholder equity of ₹8.9B and total debt of ₹1.0B, which brings its debt-to-equity ratio to 11.7%. Its total assets and total liabilities are ₹13.9B and ₹5.0B respectively. Heritage Foods's EBIT is ₹2.4B making its interest coverage ratio 22.5. It has cash and short-term investments of ₹3.7B.
Key information
11.7%
Debt to equity ratio
₹1.04b
Debt
| Interest coverage ratio | 22.5x |
| Cash | ₹3.65b |
| Equity | ₹8.91b |
| Total liabilities | ₹4.98b |
| Total assets | ₹13.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 519552's short term assets (₹6.1B) exceed its short term liabilities (₹3.2B).
Long Term Liabilities: 519552's short term assets (₹6.1B) exceed its long term liabilities (₹1.8B).
Debt to Equity History and Analysis
Debt Level: 519552 has more cash than its total debt.
Reducing Debt: 519552's debt to equity ratio has reduced from 24.8% to 11.7% over the past 5 years.
Debt Coverage: 519552's debt is well covered by operating cash flow (325.5%).
Interest Coverage: 519552's interest payments on its debt are well covered by EBIT (22.5x coverage).