RPM Automotive Group Balance Sheet Health
Financial Health criteria checks 5/6
RPM Automotive Group has a total shareholder equity of A$54.8M and total debt of A$30.3M, which brings its debt-to-equity ratio to 55.2%. Its total assets and total liabilities are A$115.4M and A$60.6M respectively. RPM Automotive Group's EBIT is A$8.0M making its interest coverage ratio 4.2. It has cash and short-term investments of A$6.3M.
Key information
55.2%
Debt to equity ratio
AU$30.26m
Debt
| Interest coverage ratio | 4.2x |
| Cash | AU$6.28m |
| Equity | AU$54.79m |
| Total liabilities | AU$60.64m |
| Total assets | AU$115.43m |
Recent financial health updates
Is RPM Automotive Group (ASX:RPM) Using Too Much Debt?
Oct 25
Is RPM Automotive Group (ASX:RPM) A Risky Investment?
Sep 07Is RPM Automotive Group (ASX:RPM) A Risky Investment?
Mar 01Recent updates
Is RPM Automotive Group (ASX:RPM) Using Too Much Debt?
Oct 25Earnings Working Against RPM Automotive Group Limited's (ASX:RPM) Share Price Following 28% Dive
Apr 26Little 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$55.2M) exceed its short term liabilities (A$39.8M).
Long Term Liabilities: RPM's short term assets (A$55.2M) exceed its long term liabilities (A$20.9M).
Debt to Equity History and Analysis
Debt Level: RPM's net debt to equity ratio (43.8%) is considered high.
Reducing Debt: RPM's debt to equity ratio has reduced from 228.8% to 55.2% over the past 5 years.
Debt Coverage: RPM's debt is well covered by operating cash flow (25.2%).
Interest Coverage: RPM's interest payments on its debt are well covered by EBIT (4.2x coverage).