Heritage Foods Balance Sheet Health
Financial Health criteria checks 6/6
Heritage Foods has a total shareholder equity of ₹8.1B and total debt of ₹928.2M, which brings its debt-to-equity ratio to 11.5%. Its total assets and total liabilities are ₹12.8B and ₹4.7B respectively. Heritage Foods's EBIT is ₹1.5B making its interest coverage ratio 16.5. It has cash and short-term investments of ₹2.1B.
Key information
11.5%
Debt to equity ratio
₹928.23m
Debt
| Interest coverage ratio | 16.5x |
| Cash | ₹2.06b |
| Equity | ₹8.08b |
| Total liabilities | ₹4.73b |
| Total assets | ₹12.81b |
Recent financial health updates
Is Heritage Foods (NSE:HERITGFOOD) A Risky Investment?
Dec 22
Is Heritage Foods (NSE:HERITGFOOD) Using Too Much Debt?
Feb 10Is Heritage Foods (NSE:HERITGFOOD) Using Too Much Debt?
May 24Heritage Foods (NSE:HERITGFOOD) Has A Pretty Healthy Balance Sheet
Dec 25
Recent updates
Heritage Foods (NSE:HERITGFOOD) Has Announced A Dividend Of ₹2.50
Jun 11Heritage Foods' (NSE:HERITGFOOD) Solid Earnings Are Supported By Other Strong Factors
Jun 08Heritage Foods Limited's (NSE:HERITGFOOD) 28% Jump Shows Its Popularity With Investors
Jun 04Heritage Foods Limited (NSE:HERITGFOOD) Stocks Shoot Up 26% But Its P/E Still Looks Reasonable
Dec 27Is Heritage Foods (NSE:HERITGFOOD) A Risky Investment?
Dec 22Heritage Foods (NSE:HERITGFOOD) Might Have The Makings Of A Multi-Bagger
Sep 13Is There An Opportunity With Heritage Foods Limited's (NSE:HERITGFOOD) 42% Undervaluation?
Apr 06Heritage Foods' (NSE:HERITGFOOD) Dividend Is Being Reduced To ₹2.50
Jul 14Heritage Foods (NSE:HERITGFOOD) Is Reducing Its Dividend To ₹2.50
Jun 14Heritage Foods' (NSE:HERITGFOOD) Dividend Will Be Reduced To ₹2.50
May 31Is Heritage Foods (NSE:HERITGFOOD) Using Too Much Debt?
Feb 10Is Heritage Foods Limited (NSE:HERITGFOOD) Trading At A 23% Discount?
Jan 17What Does Heritage Foods Limited's (NSE:HERITGFOOD) Share Price Indicate?
Oct 27Is Heritage Foods (NSE:HERITGFOOD) Using Too Much Debt?
May 24Tread With Caution Around Heritage Foods Limited's (NSE:HERITGFOOD) 0.8% Dividend Yield
Apr 14Why Heritage Foods Limited (NSE:HERITGFOOD) Could Be Worth Watching
Mar 24Calculating The Intrinsic Value Of Heritage Foods Limited (NSE:HERITGFOOD)
Mar 06What Type Of Returns Would Heritage Foods'(NSE:HERITGFOOD) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Feb 16Heritage Foods Limited (NSE:HERITGFOOD) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Feb 01What Type Of Shareholders Make Up Heritage Foods Limited's (NSE:HERITGFOOD) Share Registry?
Jan 24What Can We Make Of Heritage Foods' (NSE:HERITGFOOD) CEO Compensation?
Jan 09Heritage Foods (NSE:HERITGFOOD) Has A Pretty Healthy Balance Sheet
Dec 25Does Heritage Foods Limited (NSE:HERITGFOOD) Have A Place In Your Dividend Stock Portfolio?
Dec 10Financial Position Analysis
Short Term Liabilities: HERITGFOOD's short term assets (₹5.2B) exceed its short term liabilities (₹3.1B).
Long Term Liabilities: HERITGFOOD's short term assets (₹5.2B) exceed its long term liabilities (₹1.7B).
Debt to Equity History and Analysis
Debt Level: HERITGFOOD has more cash than its total debt.
Reducing Debt: HERITGFOOD's debt to equity ratio has reduced from 36.5% to 11.5% over the past 5 years.
Debt Coverage: HERITGFOOD's debt is well covered by operating cash flow (420%).
Interest Coverage: HERITGFOOD's interest payments on its debt are well covered by EBIT (16.5x coverage).