Redox Balance Sheet Health
Financial Health criteria checks 5/6
Redox has a total shareholder equity of A$511.8M and total debt of A$11.6M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are A$681.9M and A$170.1M respectively. Redox's EBIT is A$128.6M making its interest coverage ratio 23.3. It has cash and short-term investments of A$94.9M.
Key information
2.3%
Debt to equity ratio
AU$11.56m
Debt
Interest coverage ratio | 23.3x |
Cash | AU$94.92m |
Equity | AU$511.83m |
Total liabilities | AU$170.07m |
Total assets | AU$681.90m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: RDX's short term assets (A$629.2M) exceed its short term liabilities (A$140.0M).
Long Term Liabilities: RDX's short term assets (A$629.2M) exceed its long term liabilities (A$30.1M).
Debt to Equity History and Analysis
Debt Level: RDX has more cash than its total debt.
Reducing Debt: Insufficient data to determine if RDX's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RDX's debt is well covered by operating cash flow (1542.5%).
Interest Coverage: RDX's interest payments on its debt are well covered by EBIT (23.3x coverage).