Industrias Bachoco. de Balance Sheet Health
Financial Health criteria checks 6/6
Industrias Bachoco. de has a total shareholder equity of MX$55.0B and total debt of MX$6.5B, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are MX$77.9B and MX$23.0B respectively. Industrias Bachoco. de's EBIT is MX$6.4B making its interest coverage ratio -6.5. It has cash and short-term investments of MX$19.2B.
Key information
11.9%
Debt to equity ratio
Mex$6.52b
Debt
| Interest coverage ratio | -6.5x |
| Cash | Mex$19.16b |
| Equity | Mex$54.98b |
| Total liabilities | Mex$22.96b |
| Total assets | Mex$77.95b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BACHOCO B's short term assets (MX$41.5B) exceed its short term liabilities (MX$14.2B).
Long Term Liabilities: BACHOCO B's short term assets (MX$41.5B) exceed its long term liabilities (MX$8.7B).
Debt to Equity History and Analysis
Debt Level: BACHOCO B has more cash than its total debt.
Reducing Debt: BACHOCO B's debt to equity ratio has reduced from 12.9% to 11.9% over the past 5 years.
Debt Coverage: BACHOCO B's debt is well covered by operating cash flow (94.8%).
Interest Coverage: BACHOCO B earns more interest than it pays, so coverage of interest payments is not a concern.