Nomad Foods Balance Sheet Health
Financial Health criteria checks 2/6
Nomad Foods has a total shareholder equity of €2.7B and total debt of €2.1B, which brings its debt-to-equity ratio to 77.5%. Its total assets and total liabilities are €6.4B and €3.8B respectively. Nomad Foods's EBIT is €401.4M making its interest coverage ratio 3.4. It has cash and short-term investments of €333.4M.
Key information
77.5%
Debt to equity ratio
€2.06b
Debt
| Interest coverage ratio | 3.4x |
| Cash | €333.40m |
| Equity | €2.67b |
| Total liabilities | €3.75b |
| Total assets | €6.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOMD N's short term assets (€1.2B) exceed its short term liabilities (€994.4M).
Long Term Liabilities: NOMD N's short term assets (€1.2B) do not cover its long term liabilities (€2.8B).
Debt to Equity History and Analysis
Debt Level: NOMD N's net debt to equity ratio (64.9%) is considered high.
Reducing Debt: NOMD N's debt to equity ratio has increased from 72.7% to 77.5% over the past 5 years.
Debt Coverage: NOMD N's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: NOMD N's interest payments on its debt are well covered by EBIT (3.4x coverage).