Middleby Balance Sheet Health
Financial Health criteria checks 4/6
Middleby has a total shareholder equity of $2.9B and total debt of $2.1B, which brings its debt-to-equity ratio to 70.4%. Its total assets and total liabilities are $6.4B and $3.4B respectively. Middleby's EBIT is $676.3M making its interest coverage ratio 8.1. It has cash and short-term investments of $177.3M.
Key information
70.36%
Debt to equity ratio
US$2.07b
Debt
| Interest coverage ratio | 8.1x |
| Cash | US$177.25m |
| Equity | US$2.94b |
| Total liabilities | US$3.42b |
| Total assets | US$6.35b |
Recent financial health updates
Middleby (NASDAQ:MIDD) Seems To Use Debt Quite Sensibly
Sep 08
Does Middleby (NASDAQ:MIDD) Have A Healthy Balance Sheet?
Apr 28Recent updates
Middleby Making Smarter Moves, But Weak Industry Demand Is A Significant Overhang
Jan 15Is Now An Opportune Moment To Examine The Middleby Corporation (NASDAQ:MIDD)?
Jan 07Revenues Not Telling The Story For The Middleby Corporation (NASDAQ:MIDD) After Shares Rise 26%
Dec 18Middleby (NASDAQ:MIDD) Seems To Use Debt Quite Sensibly
Sep 08Investors Met With Slowing Returns on Capital At Middleby (NASDAQ:MIDD)
Aug 11Investors Appear Satisfied With The Middleby Corporation's (NASDAQ:MIDD) Prospects
Jul 29Is It Too Late To Consider Buying The Middleby Corporation (NASDAQ:MIDD)?
Jul 16A Look At The Fair Value Of The Middleby Corporation (NASDAQ:MIDD)
Jun 17Does Middleby (NASDAQ:MIDD) Have A Healthy Balance Sheet?
Apr 28With The Middleby Corporation (NASDAQ:MIDD) It Looks Like You'll Get What You Pay For
Apr 12Is There Now An Opportunity In The Middleby Corporation (NASDAQ:MIDD)?
Mar 28The Middleby Corporation (NASDAQ:MIDD) Shares Could Be 39% Below Their Intrinsic Value Estimate
Mar 13Middleby - Spinning Off Food Processing Is A Good Start, But There's More To Do
Mar 12The Middleby Corporation: If You Can't Stand The Heat, Stay Out Of The Kitchen
Jan 08The Middleby Corporation: Organic Growth In The CF Segment Continues To Be Poor
Nov 02
Innovations And Market Expansion Set To Propel Growth In The Food Industry
Middleby's expansion into new segments like beverage and ice, alongside technology innovations in automation and IoT, points to potential revenue growth and market share expansion.Middleby: Rating Upgrade To Neutral Given Recent Results And Macro Developments
Aug 16The Middleby Corporation: Rating Downgrade On Potential FY24 EBITDA Miss
Jun 14The Middleby Corporation: Continued Growth And Cheap Stock Should Lead The Way Higher
Apr 01Financial Position Analysis
Short Term Liabilities: MIDD's short term assets ($2.0B) exceed its short term liabilities ($951.6M).
Long Term Liabilities: MIDD's short term assets ($2.0B) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: MIDD's net debt to equity ratio (64.3%) is considered high.
Reducing Debt: MIDD's debt to equity ratio has reduced from 89.3% to 70.4% over the past 5 years.
Debt Coverage: MIDD's debt is well covered by operating cash flow (32.9%).
Interest Coverage: MIDD's interest payments on its debt are well covered by EBIT (8.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/02/02 19:12 |
| End of Day Share Price | 2026/01/30 00:00 |
| Earnings | 2025/09/27 |
| Annual Earnings | 2024/12/28 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
The Middleby Corporation is covered by 21 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mircea Dobre | Baird |
| Adam Seiden | Barclays |
| Joel Tiss | BMO Capital Markets Equity Research |