Central Garden & Pet Balance Sheet Health
Financial Health criteria checks 5/6
Central Garden & Pet has a total shareholder equity of $1.6B and total debt of $1.2B, which brings its debt-to-equity ratio to 74.6%. Its total assets and total liabilities are $3.6B and $2.0B respectively. Central Garden & Pet's EBIT is $250.9M making its interest coverage ratio 6.4. It has cash and short-term investments of $570.4M.
Key information
74.6%
Debt to equity ratio
US$1.19b
Debt
| Interest coverage ratio | 6.4x |
| Cash | US$570.40m |
| Equity | US$1.60b |
| Total liabilities | US$2.01b |
| Total assets | US$3.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CENT.A's short term assets ($1.9B) exceed its short term liabilities ($521.4M).
Long Term Liabilities: CENT.A's short term assets ($1.9B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: CENT.A's net debt to equity ratio (38.8%) is considered satisfactory.
Reducing Debt: CENT.A's debt to equity ratio has increased from 67% to 74.6% over the past 5 years.
Debt Coverage: CENT.A's debt is well covered by operating cash flow (29.1%).
Interest Coverage: CENT.A's interest payments on its debt are well covered by EBIT (6.4x coverage).