Associated British Foods Balance Sheet Health
Financial Health criteria checks 6/6
Associated British Foods has a total shareholder equity of £11.2B and total debt of £600.0M, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are £18.7B and £7.6B respectively. Associated British Foods's EBIT is £1.7B making its interest coverage ratio 23.8. It has cash and short-term investments of £1.3B.
Key information
5.4%
Debt to equity ratio
UK£600.00m
Debt
Interest coverage ratio | 23.8x |
Cash | UK£1.27b |
Equity | UK£11.17b |
Total liabilities | UK£7.58b |
Total assets | UK£18.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASBF.F's short term assets (£6.3B) exceed its short term liabilities (£3.5B).
Long Term Liabilities: ASBF.F's short term assets (£6.3B) exceed its long term liabilities (£4.0B).
Debt to Equity History and Analysis
Debt Level: ASBF.F has more cash than its total debt.
Reducing Debt: ASBF.F's debt to equity ratio has reduced from 8.6% to 5.4% over the past 5 years.
Debt Coverage: ASBF.F's debt is well covered by operating cash flow (447.8%).
Interest Coverage: ASBF.F's interest payments on its debt are well covered by EBIT (23.8x coverage).