Mission Produce Balance Sheet Health
Financial Health criteria checks 5/6
Mission Produce has a total shareholder equity of $540.0M and total debt of $172.7M, which brings its debt-to-equity ratio to 32%. Its total assets and total liabilities are $966.9M and $426.9M respectively. Mission Produce's EBIT is $38.5M making its interest coverage ratio 3.3. It has cash and short-term investments of $46.2M.
Key information
32.0%
Debt to equity ratio
US$172.70m
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$46.20m |
| Equity | US$540.00m |
| Total liabilities | US$426.90m |
| Total assets | US$966.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AVO *'s short term assets ($276.3M) exceed its short term liabilities ($121.7M).
Long Term Liabilities: AVO *'s short term assets ($276.3M) do not cover its long term liabilities ($305.2M).
Debt to Equity History and Analysis
Debt Level: AVO *'s net debt to equity ratio (23.4%) is considered satisfactory.
Reducing Debt: AVO *'s debt to equity ratio has reduced from 55.6% to 32% over the past 5 years.
Debt Coverage: AVO *'s debt is well covered by operating cash flow (39.5%).
Interest Coverage: AVO *'s interest payments on its debt are well covered by EBIT (3.3x coverage).