Bega Cheese Balance Sheet Health
Financial Health criteria checks 4/6
Bega Cheese has a total shareholder equity of A$1.0B and total debt of A$269.0M, which brings its debt-to-equity ratio to 26.8%. Its total assets and total liabilities are A$2.2B and A$1.1B respectively. Bega Cheese's EBIT is A$14.6M making its interest coverage ratio 0.7. It has cash and short-term investments of A$66.4M.
Key information
26.8%
Debt to equity ratio
AU$269.00m
Debt
| Interest coverage ratio | 0.7x |
| Cash | AU$66.40m |
| Equity | AU$1.00b |
| Total liabilities | AU$1.15b |
| Total assets | AU$2.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BGCH.Y's short term assets (A$832.2M) exceed its short term liabilities (A$678.6M).
Long Term Liabilities: BGCH.Y's short term assets (A$832.2M) exceed its long term liabilities (A$470.8M).
Debt to Equity History and Analysis
Debt Level: BGCH.Y's net debt to equity ratio (20.2%) is considered satisfactory.
Reducing Debt: BGCH.Y's debt to equity ratio has reduced from 42.2% to 26.8% over the past 5 years.
Debt Coverage: BGCH.Y's debt is not well covered by operating cash flow (3%).
Interest Coverage: BGCH.Y's interest payments on its debt are not well covered by EBIT (0.7x coverage).