RPM Automotive Group Balance Sheet Health
Financial Health criteria checks 4/6
RPM Automotive Group has a total shareholder equity of A$48.5M and total debt of A$30.9M, which brings its debt-to-equity ratio to 63.7%. Its total assets and total liabilities are A$111.2M and A$62.6M respectively. RPM Automotive Group's EBIT is A$6.1M making its interest coverage ratio 4.1. It has cash and short-term investments of A$4.0M.
Key information
63.7%
Debt to equity ratio
AU$30.89m
Debt
| Interest coverage ratio | 4.1x |
| Cash | AU$3.98m |
| Equity | AU$48.52m |
| Total liabilities | AU$62.64m |
| Total assets | AU$111.16m |
Recent financial health updates
Is RPM Automotive Group (ASX:RPM) A Risky Investment?
Sep 07
Is RPM Automotive Group (ASX:RPM) A Risky Investment?
Mar 01Recent updates
Little Excitement Around RPM Automotive Group Limited's (ASX:RPM) Earnings
Jan 02Is RPM Automotive Group (ASX:RPM) A Risky Investment?
Sep 07Lacklustre Performance Is Driving RPM Automotive Group Limited's (ASX:RPM) Low P/E
Sep 23RPM Automotive Group's (ASX:RPM) Solid Profits Have Weak Fundamentals
Mar 05Is RPM Automotive Group (ASX:RPM) A Risky Investment?
Mar 01Financial Position Analysis
Short Term Liabilities: RPM's short term assets (A$50.6M) exceed its short term liabilities (A$41.4M).
Long Term Liabilities: RPM's short term assets (A$50.6M) exceed its long term liabilities (A$21.2M).
Debt to Equity History and Analysis
Debt Level: RPM's net debt to equity ratio (55.5%) is considered high.
Reducing Debt: RPM had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: RPM's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: RPM's interest payments on its debt are well covered by EBIT (4.1x coverage).