Bridgford Foods Balance Sheet Health
Financial Health criteria checks 6/6
Bridgford Foods has a total shareholder equity of $130.8M and total debt of $3.7M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are $166.8M and $36.0M respectively. Bridgford Foods's EBIT is $4.5M making its interest coverage ratio 7.2. It has cash and short-term investments of $12.6M.
Key information
2.8%
Debt to equity ratio
US$3.66m
Debt
Interest coverage ratio | 7.2x |
Cash | US$12.65m |
Equity | US$130.77m |
Total liabilities | US$35.99m |
Total assets | US$166.76m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: BRID's short term assets ($86.0M) exceed its short term liabilities ($18.3M).
Long Term Liabilities: BRID's short term assets ($86.0M) exceed its long term liabilities ($17.7M).
Debt to Equity History and Analysis
Debt Level: BRID has more cash than its total debt.
Reducing Debt: BRID's debt to equity ratio has reduced from 10.3% to 2.8% over the past 5 years.
Debt Coverage: BRID's debt is well covered by operating cash flow (161.4%).
Interest Coverage: BRID's interest payments on its debt are well covered by EBIT (7.2x coverage).