date:Mar 25, 2014
ts putting a non-cash dent in net profitability causing an operating loss of $28 million. On Fresh Del Monte's balance sheet cash equates to a minuscule 2% of stockholder's equity. It's long-term debt to equity only clocks in at 14% of stockholder's equity and when factoring out the goodwill impairment operating income covers interest expense by more than 38 times . An increase in capital expenditures resulted in negative free cash flow for Fresh Del Monte in 2013. In 2012, a more normal year fo