Maple Leaf Foods Balance Sheet Health
Financial Health criteria checks 2/6
Maple Leaf Foods has a total shareholder equity of CA$1.5B and total debt of CA$1.8B, which brings its debt-to-equity ratio to 117.8%. Its total assets and total liabilities are CA$4.5B and CA$2.9B respectively. Maple Leaf Foods's EBIT is CA$235.6M making its interest coverage ratio 1.4. It has cash and short-term investments of CA$181.8M.
Key information
117.8%
Debt to equity ratio
CA$1.78b
Debt
| Interest coverage ratio | 1.4x |
| Cash | CA$181.79m |
| Equity | CA$1.51b |
| Total liabilities | CA$2.94b |
| Total assets | CA$4.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MLFN.F's short term assets (CA$1.2B) exceed its short term liabilities (CA$936.3M).
Long Term Liabilities: MLFN.F's short term assets (CA$1.2B) do not cover its long term liabilities (CA$2.0B).
Debt to Equity History and Analysis
Debt Level: MLFN.F's net debt to equity ratio (105.8%) is considered high.
Reducing Debt: MLFN.F's debt to equity ratio has increased from 24.3% to 117.8% over the past 5 years.
Debt Coverage: MLFN.F's debt is well covered by operating cash flow (22%).
Interest Coverage: MLFN.F's interest payments on its debt are not well covered by EBIT (1.4x coverage).