Resource Development Group Balance Sheet Health
Financial Health criteria checks 3/6
Resource Development Group has a total shareholder equity of A$132.9M and total debt of A$117.2M, which brings its debt-to-equity ratio to 88.2%. Its total assets and total liabilities are A$352.9M and A$220.0M respectively. Resource Development Group's EBIT is A$25.7M making its interest coverage ratio 96.1. It has cash and short-term investments of A$8.3M.
Key information
88.2%
Debt to equity ratio
AU$117.20m
Debt
| Interest coverage ratio | 96.1x |
| Cash | AU$8.32m |
| Equity | AU$132.86m |
| Total liabilities | AU$220.04m |
| Total assets | AU$352.90m |
Recent financial health updates
Is Resource Development Group (ASX:RDG) A Risky Investment?
Oct 21
Resource Development Group (ASX:RDG) Takes On Some Risk With Its Use Of Debt
Mar 19Recent updates
Resource Development Group Limited (ASX:RDG) Shares Fly 28% But Investors Aren't Buying For Growth
Dec 31Resource Development Group Limited (ASX:RDG) Not Doing Enough For Some Investors As Its Shares Slump 29%
Nov 11Is Resource Development Group (ASX:RDG) A Risky Investment?
Oct 21Earnings Working Against Resource Development Group Limited's (ASX:RDG) Share Price
Aug 29There's No Escaping Resource Development Group Limited's (ASX:RDG) Muted Earnings
May 10Resource Development Group (ASX:RDG) Takes On Some Risk With Its Use Of Debt
Mar 19Resource Development Group Limited's (ASX:RDG) Low P/E No Reason For Excitement
Dec 20Upgrade: Analysts Just Made A Stunning Increase To Their Resource Development Group Limited (ASX:RDG) Forecasts
Oct 26Is There Now An Opportunity In Resource Development Group Limited (ASX:RDG)?
Oct 04Is Now The Time To Put Resource Development Group (ASX:RDG) On Your Watchlist?
May 05Can Resource Development Group Limited (ASX:RDG) Improve Its Returns?
Mar 19Here's Why We Don't Think Resource Development Group's (ASX:RDG) Statutory Earnings Reflect Its Underlying Earnings Potential
Jan 07Financial Position Analysis
Short Term Liabilities: RDG's short term assets (A$41.6M) exceed its short term liabilities (A$41.4M).
Long Term Liabilities: RDG's short term assets (A$41.6M) do not cover its long term liabilities (A$178.6M).
Debt to Equity History and Analysis
Debt Level: RDG's net debt to equity ratio (82%) is considered high.
Reducing Debt: RDG's debt to equity ratio has increased from 0% to 88.2% over the past 5 years.
Debt Coverage: RDG's debt is well covered by operating cash flow (28.5%).
Interest Coverage: RDG's interest payments on its debt are well covered by EBIT (96.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/07 00:47 |
| End of Day Share Price | 2025/02/07 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Resource Development Group Limited is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joseph House | Bell Potter |