Heritage Foods Balance Sheet Health
Financial Health criteria checks 6/6
Heritage Foods has a total shareholder equity of ₹7.4B and total debt of ₹569.0M, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are ₹10.6B and ₹3.2B respectively. Heritage Foods's EBIT is ₹1.3B making its interest coverage ratio 16.7. It has cash and short-term investments of ₹1.2B.
Key information
7.7%
Debt to equity ratio
₹568.96m
Debt
Interest coverage ratio | 16.7x |
Cash | ₹1.16b |
Equity | ₹7.42b |
Total liabilities | ₹3.20b |
Total assets | ₹10.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 519552's short term assets (₹3.7B) exceed its short term liabilities (₹2.2B).
Long Term Liabilities: 519552's short term assets (₹3.7B) exceed its long term liabilities (₹1.0B).
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 20.6% to 7.7% over the past 5 years.
Debt Coverage: 519552's debt is well covered by operating cash flow (103.8%).
Interest Coverage: 519552's interest payments on its debt are well covered by EBIT (16.7x coverage).