Innovative Food Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Innovative Food Holdings has a total shareholder equity of $5.8M and total debt of $8.6M, which brings its debt-to-equity ratio to 148.8%. Its total assets and total liabilities are $21.2M and $15.5M respectively. Innovative Food Holdings's EBIT is $757.5K making its interest coverage ratio 0.9. It has cash and short-term investments of $4.8M.
Key information
148.8%
Debt to equity ratio
US$8.56m
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$4.82m |
| Equity | US$5.76m |
| Total liabilities | US$15.45m |
| Total assets | US$21.21m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IVFH's short term assets ($19.4M) exceed its short term liabilities ($6.4M).
Long Term Liabilities: IVFH's short term assets ($19.4M) exceed its long term liabilities ($9.0M).
Debt to Equity History and Analysis
Debt Level: IVFH's net debt to equity ratio (65%) is considered high.
Reducing Debt: IVFH's debt to equity ratio has increased from 10.5% to 148.8% over the past 5 years.
Debt Coverage: IVFH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: IVFH's interest payments on its debt are not well covered by EBIT (0.9x coverage).