B&G Foods Balance Sheet Health
Financial Health criteria checks 1/6
B&G Foods has a total shareholder equity of $835.5M and total debt of $2.0B, which brings its debt-to-equity ratio to 244.8%. Its total assets and total liabilities are $3.5B and $2.6B respectively. B&G Foods's EBIT is $240.8M making its interest coverage ratio 1.6. It has cash and short-term investments of $41.1M.
Key information
244.8%
Debt to equity ratio
US$2.05b
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$41.09m |
| Equity | US$835.46m |
| Total liabilities | US$2.63b |
| Total assets | US$3.46b |
Recent financial health updates
Here's Why B&G Foods (NYSE:BGS) Has A Meaningful Debt Burden
Dec 05
B&G Foods (NYSE:BGS) Has A Somewhat Strained Balance Sheet
Aug 30Here's Why B&G Foods (NYSE:BGS) Is Weighed Down By Its Debt Load
May 09Here's Why B&G Foods (NYSE:BGS) Is Weighed Down By Its Debt Load
Jan 14B&G Foods (NYSE:BGS) Has No Shortage Of Debt
Jun 27Recent updates
B&G Foods: Hold, Weak Fundamentals, And Technicals Require Patience
Apr 17Are Investors Undervaluing B&G Foods, Inc. (NYSE:BGS) By 20%?
Mar 18B&G Foods: Unexciting Prospects
Jan 29Getting In Cheap On B&G Foods, Inc. (NYSE:BGS) Is Unlikely
Jan 17B&G Foods: In Need Of A Major Strategic Shift
Jan 05Here's Why B&G Foods (NYSE:BGS) Has A Meaningful Debt Burden
Dec 05B&G Foods' (NYSE:BGS) Dividend Will Be $0.19
Nov 19B&G Foods: Too Expensive, Even With A Single-Digit Forward P/E
Oct 27B&G Foods (NYSE:BGS) Has A Somewhat Strained Balance Sheet
Aug 30B&G Foods: Slight Margin Improvements But Future Growth Remains A Concern
Aug 21A Look At The Intrinsic Value Of B&G Foods, Inc. (NYSE:BGS)
Jul 29B&G Foods: Leverage Overhang Continues
Jun 06Here's Why B&G Foods (NYSE:BGS) Is Weighed Down By Its Debt Load
May 09B&G Foods (NYSE:BGS) Is Reducing Its Dividend To $0.19
Mar 03B&G Foods: Debt-Ridden, Even Selling All Long-Term Net Assets Can't Potentially Save Them
Feb 21Here's Why B&G Foods (NYSE:BGS) Is Weighed Down By Its Debt Load
Jan 14B&G Foods (NYSE:BGS) Is Paying Out Less In Dividends Than Last Year
Dec 20B&G Foods to sell Back to Nature snack brand to Barilla America
Dec 15B&G Foods' (NYSE:BGS) Dividend Is Being Reduced To $0.19
Nov 20B&G Foods: 12% Dividend Yield Is A Trap
Oct 14B&G Foods (NYSE:BGS) Has Affirmed Its Dividend Of $0.475
Sep 16B&G Foods (NYSE:BGS) Has Affirmed Its Dividend Of $0.475
Aug 31An 8% Bond Opportunity In Consumer Staples: B&G Foods
Aug 25B&G Foods declares $0.475 dividend
Aug 02B&G Foods: Leverage Concerns, This Time For Real
Jul 05B&G Foods (NYSE:BGS) Has No Shortage Of Debt
Jun 27B&G Foods (NYSE:BGS) Has Affirmed Its Dividend Of US$0.47
Jun 05Food Inflation: B&G Foods' Biggest Challenge In 2022
Apr 30Financial Position Analysis
Short Term Liabilities: BGS's short term assets ($802.8M) exceed its short term liabilities ($262.4M).
Long Term Liabilities: BGS's short term assets ($802.8M) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: BGS's net debt to equity ratio (239.9%) is considered high.
Reducing Debt: BGS's debt to equity ratio has increased from 182.2% to 244.8% over the past 5 years.
Debt Coverage: BGS's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: BGS's interest payments on its debt are not well covered by EBIT (1.6x coverage).