Empire Balance Sheet Health
Financial Health criteria checks 4/6
Empire has a total shareholder equity of CA$5.3B and total debt of CA$1.0B, which brings its debt-to-equity ratio to 19.1%. Its total assets and total liabilities are CA$16.4B and CA$11.1B respectively. Empire's EBIT is CA$1.2B making its interest coverage ratio 4.6. It has cash and short-term investments of CA$210.6M.
Key information
19.1%
Debt to equity ratio
CA$1.01b
Debt
| Interest coverage ratio | 4.6x |
| Cash | CA$210.60m |
| Equity | CA$5.29b |
| Total liabilities | CA$11.07b |
| Total assets | CA$16.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EMPA1 N's short term assets (CA$2.9B) do not cover its short term liabilities (CA$3.7B).
Long Term Liabilities: EMPA1 N's short term assets (CA$2.9B) do not cover its long term liabilities (CA$7.3B).
Debt to Equity History and Analysis
Debt Level: EMPA1 N's net debt to equity ratio (15.2%) is considered satisfactory.
Reducing Debt: EMPA1 N's debt to equity ratio has reduced from 47.6% to 19.1% over the past 5 years.
Debt Coverage: EMPA1 N's debt is well covered by operating cash flow (155.2%).
Interest Coverage: EMPA1 N's interest payments on its debt are well covered by EBIT (4.6x coverage).