Resource Development Group Balance Sheet Health
Financial Health criteria checks 2/6
Resource Development Group has a total shareholder equity of A$118.8M and total debt of A$105.3M, which brings its debt-to-equity ratio to 88.6%. Its total assets and total liabilities are A$275.4M and A$156.6M respectively. Resource Development Group's EBIT is A$20.7M making its interest coverage ratio 99.1. It has cash and short-term investments of A$2.9M.
Key information
88.6%
Debt to equity ratio
AU$105.27m
Debt
| Interest coverage ratio | 99.1x |
| Cash | AU$2.94m |
| Equity | AU$118.80m |
| Total liabilities | AU$156.64m |
| Total assets | AU$275.44m |
Recent financial health updates
Recent updates
Resource Development Group (ASX:RDG) Takes On Some Risk With Its Use Of Debt
Mar 19
Resource 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$28.0M) do not cover its short term liabilities (A$57.5M).
Long Term Liabilities: RDG's short term assets (A$28.0M) do not cover its long term liabilities (A$99.2M).
Debt to Equity History and Analysis
Debt Level: RDG's net debt to equity ratio (86.1%) is considered high.
Reducing Debt: Insufficient data to determine if RDG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RDG's debt is well covered by operating cash flow (25.2%).
Interest Coverage: RDG's interest payments on its debt are well covered by EBIT (99.1x coverage).