Redox Balance Sheet Health
Financial Health criteria checks 6/6
Redox has a total shareholder equity of A$531.3M and total debt of A$13.6M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are A$702.4M and A$171.1M respectively. Redox's EBIT is A$126.0M making its interest coverage ratio -25.8. It has cash and short-term investments of A$179.3M.
Key information
2.6%
Debt to equity ratio
AU$13.60m
Debt
| Interest coverage ratio | -25.8x |
| Cash | AU$179.29m |
| Equity | AU$531.27m |
| Total liabilities | AU$171.11m |
| Total assets | AU$702.38m |
Recent financial health updates
No updates
Recent updates
Redox (ASX:RDX) May Have Issues Allocating Its Capital
Nov 14
Redox Limited Recorded A 5.9% Miss On Revenue: Analysts Are Revisiting Their Models
Aug 23Be Wary Of Redox (ASX:RDX) And Its Returns On Capital
Jul 15Is Redox Limited (ASX:RDX) Expensive For A Reason? A Look At Its Intrinsic Value
Jun 10Calculating The Fair Value Of Redox Limited (ASX:RDX)
Feb 14Financial Position Analysis
Short Term Liabilities: RDX's short term assets (A$653.8M) exceed its short term liabilities (A$143.1M).
Long Term Liabilities: RDX's short term assets (A$653.8M) exceed its long term liabilities (A$28.0M).
Debt to Equity History and Analysis
Debt Level: RDX has more cash than its total debt.
Reducing Debt: RDX's debt to equity ratio has reduced from 69.6% to 2.6% over the past 5 years.
Debt Coverage: RDX's debt is well covered by operating cash flow (852.4%).
Interest Coverage: RDX earns more interest than it pays, so coverage of interest payments is not a concern.