Express Catering Balance Sheet Health
Financial Health criteria checks 1/6
Express Catering has a total shareholder equity of $8.0M and total debt of $14.7M, which brings its debt-to-equity ratio to 185.2%. Its total assets and total liabilities are $56.0M and $48.1M respectively. Express Catering's EBIT is $5.3M making its interest coverage ratio 1.6. It has cash and short-term investments of $90.9K.
Key information
185.2%
Debt to equity ratio
US$14.74m
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$90.85k |
| Equity | US$7.96m |
| Total liabilities | US$48.07m |
| Total assets | US$56.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ECL's short term assets ($18.8M) exceed its short term liabilities ($8.3M).
Long Term Liabilities: ECL's short term assets ($18.8M) do not cover its long term liabilities ($39.8M).
Debt to Equity History and Analysis
Debt Level: ECL's net debt to equity ratio (184.1%) is considered high.
Reducing Debt: ECL's debt to equity ratio has increased from 86% to 185.2% over the past 5 years.
Debt Coverage: ECL's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: ECL's interest payments on its debt are not well covered by EBIT (1.6x coverage).