Express Catering Balance Sheet Health
Financial Health criteria checks 2/6
Express Catering has a total shareholder equity of $8.1M and total debt of $10.6M, which brings its debt-to-equity ratio to 131%. Its total assets and total liabilities are $46.3M and $38.2M respectively. Express Catering's EBIT is $5.6M making its interest coverage ratio 2.2. It has cash and short-term investments of $274.0K.
Key information
131.0%
Debt to equity ratio
US$10.65m
Debt
Interest coverage ratio | 2.2x |
Cash | US$274.00k |
Equity | US$8.13m |
Total liabilities | US$38.16m |
Total assets | US$46.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ECL's short term assets ($19.0M) exceed its short term liabilities ($9.5M).
Long Term Liabilities: ECL's short term assets ($19.0M) do not cover its long term liabilities ($28.7M).
Debt to Equity History and Analysis
Debt Level: ECL's net debt to equity ratio (127.6%) is considered high.
Reducing Debt: ECL's debt to equity ratio has reduced from 172.5% to 131% over the past 5 years.
Debt Coverage: ECL's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: ECL's interest payments on its debt are not well covered by EBIT (2.2x coverage).