Redcentric Balance Sheet Health
Financial Health criteria checks 2/6
Redcentric has a total shareholder equity of £54.5M and total debt of £43.5M, which brings its debt-to-equity ratio to 79.9%. Its total assets and total liabilities are £184.5M and £130.0M respectively. Redcentric's EBIT is £3.3M making its interest coverage ratio 0.6. It has cash and short-term investments of £3.1M.
Key information
79.9%
Debt to equity ratio
UK£43.52m
Debt
| Interest coverage ratio | 0.6x |
| Cash | UK£3.13m |
| Equity | UK£54.48m |
| Total liabilities | UK£130.02m |
| Total assets | UK£184.51m |
Recent financial health updates
No updates
Recent updates
Redcentric plc's (LON:RCN) Price In Tune With Revenues
May 21
Some Confidence Is Lacking In Redcentric plc's (LON:RCN) P/E
Sep 21Redcentric plc's (LON:RCN) CEO Compensation Is Looking A Bit Stretched At The Moment
Sep 03Redcentric's (LON:RCN) Earnings Are Of Questionable Quality
Aug 16Estimating The Fair Value Of Redcentric plc (LON:RCN)
Jun 11What Kind Of Investors Own Most Of Redcentric plc (LON:RCN)?
Feb 22An Intrinsic Calculation For Redcentric plc (LON:RCN) Suggests It's 26% Undervalued
Jan 18
Have Insiders Been Selling Redcentric plc (LON:RCN) Shares This Year?
Dec 14Financial Position Analysis
Short Term Liabilities: RCN's short term assets (£40.9M) do not cover its short term liabilities (£53.1M).
Long Term Liabilities: RCN's short term assets (£40.9M) do not cover its long term liabilities (£76.9M).
Debt to Equity History and Analysis
Debt Level: RCN's net debt to equity ratio (74.1%) is considered high.
Reducing Debt: RCN's debt to equity ratio has increased from 26.2% to 79.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable RCN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RCN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 4.3% per year.