Central Garden & Pet Balance Sheet Health
Financial Health criteria checks 4/6
Central Garden & Pet has a total shareholder equity of $1.5B and total debt of $1.2B, which brings its debt-to-equity ratio to 78.6%. Its total assets and total liabilities are $3.5B and $2.0B respectively. Central Garden & Pet's EBIT is $260.6M making its interest coverage ratio 6.1. It has cash and short-term investments of $301.3M.
Key information
78.6%
Debt to equity ratio
US$1.19b
Debt
| Interest coverage ratio | 6.1x |
| Cash | US$301.33m |
| Equity | US$1.51b |
| Total liabilities | US$2.03b |
| Total assets | US$3.54b |
Recent financial health updates
Is Central Garden & Pet (NASDAQ:CENT) A Risky Investment?
Mar 22
These 4 Measures Indicate That Central Garden & Pet (NASDAQ:CENT) Is Using Debt Extensively
Dec 13We Think Central Garden & Pet (NASDAQ:CENT) Is Taking Some Risk With Its Debt
Sep 07Central Garden & Pet (NASDAQ:CENT) Takes On Some Risk With Its Use Of Debt
Jun 02Here's Why Central Garden & Pet (NASDAQ:CENT) Has A Meaningful Debt Burden
Feb 28Central Garden & Pet (NASDAQ:CENT) Takes On Some Risk With Its Use Of Debt
Oct 18Recent updates
Central Garden & Pet Company (NASDAQ:CENT) Investors Are Less Pessimistic Than Expected
Apr 15Is Central Garden & Pet (NASDAQ:CENT) A Risky Investment?
Mar 22Central Garden & Pet: Share Price Has A Low Margin Of Safety
Mar 19Central Garden & Pet Company's (NASDAQ:CENT) 26% Share Price Surge Not Quite Adding Up
Dec 29These 4 Measures Indicate That Central Garden & Pet (NASDAQ:CENT) Is Using Debt Extensively
Dec 13We Think Central Garden & Pet (NASDAQ:CENT) Is Taking Some Risk With Its Debt
Sep 07Central Garden & Pet (NASDAQ:CENT) Takes On Some Risk With Its Use Of Debt
Jun 02Here's Why Central Garden & Pet (NASDAQ:CENT) Has A Meaningful Debt Burden
Feb 28Is Central Garden & Pet Company (NASDAQ:CENT) Trading At A 22% Discount?
Nov 08Central Garden & Pet (NASDAQ:CENT) Takes On Some Risk With Its Use Of Debt
Oct 18Central Garden & Pet: Appealing Despite Stagnating Results And Cash Flow Conversion Concerns
Sep 20Central Garden & Pet Company (NASDAQ:CENT) Shares Could Be 46% Below Their Intrinsic Value Estimate
Jul 27Is Central Garden & Pet (NASDAQ:CENT) Using Too Much Debt?
Jul 01Is Central Garden & Pet Company (NASDAQ:CENT) Trading At A 47% Discount?
Apr 16Is Central Garden & Pet (NASDAQ:CENT) A Risky Investment?
Mar 28Here's Why I Think Central Garden & Pet (NASDAQ:CENT) Might Deserve Your Attention Today
Feb 20Is There An Opportunity With Central Garden & Pet Company's (NASDAQ:CENT) 38% Undervaluation?
Jan 12Central Garden & Pet: Strong 2021, Stronger 2022
Jan 05Here's Why Central Garden & Pet (NASDAQ:CENT) Can Manage Its Debt Responsibly
Dec 24Is Now The Time To Put Central Garden & Pet (NASDAQ:CENT) On Your Watchlist?
Nov 19Is Central Garden & Pet Company (NASDAQ:CENT) Worth US$48.8 Based On Its Intrinsic Value?
Oct 14Does Central Garden & Pet (NASDAQ:CENT) Have A Healthy Balance Sheet?
Sep 23Central Garden & Pet: Shares Have Just Bottomed Out
Sep 14Does Central Garden & Pet (NASDAQ:CENT) Deserve A Spot On Your Watchlist?
Aug 12Is Central Garden & Pet (NASDAQ:CENT) Using Too Much Debt?
Jun 23I Ran A Stock Scan For Earnings Growth And Central Garden & Pet (NASDAQ:CENT) Passed With Ease
May 11Central Garden & Pet Company: A Quality Stock For A Cyclical Play
May 04Central Garden & Pet in partnership with Profitero for accelerating eCommerce growth
Apr 27Does Central Garden & Pet (NASDAQ:CENT) Have A Healthy Balance Sheet?
Mar 23Read This Before Buying Central Garden & Pet Company (NASDAQ:CENT) Shares
Mar 05Central Garden & Pet Company's (NASDAQ:CENT) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Feb 16
If You Like EPS Growth Then Check Out Central Garden & Pet (NASDAQ:CENT) Before It's Too Late
Jan 29Financial Position Analysis
Short Term Liabilities: CENT's short term assets ($1.9B) exceed its short term liabilities ($556.5M).
Long Term Liabilities: CENT's short term assets ($1.9B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: CENT's net debt to equity ratio (58.7%) is considered high.
Reducing Debt: CENT's debt to equity ratio has increased from 69.8% to 78.6% over the past 5 years.
Debt Coverage: CENT's debt is well covered by operating cash flow (32.3%).
Interest Coverage: CENT's interest payments on its debt are well covered by EBIT (6.1x coverage).