Innovative Food Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Innovative Food Holdings has a total shareholder equity of $2.8M and total debt of $9.0M, which brings its debt-to-equity ratio to 320%. Its total assets and total liabilities are $21.3M and $18.5M respectively. Innovative Food Holdings's EBIT is $136.3K making its interest coverage ratio 0.2. It has cash and short-term investments of $5.3M.
Key information
320.0%
Debt to equity ratio
US$8.98m
Debt
Interest coverage ratio | 0.2x |
Cash | US$5.33m |
Equity | US$2.81m |
Total liabilities | US$18.52m |
Total assets | US$21.32m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IVFH's short term assets ($13.6M) exceed its short term liabilities ($8.6M).
Long Term Liabilities: IVFH's short term assets ($13.6M) exceed its long term liabilities ($9.9M).
Debt to Equity History and Analysis
Debt Level: IVFH's net debt to equity ratio (130.1%) is considered high.
Reducing Debt: IVFH's debt to equity ratio has increased from 19.6% to 320% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: IVFH has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: IVFH has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 38.3% each year