Reece Balance Sheet Health
Financial Health criteria checks 6/6
Reece has a total shareholder equity of A$3.7B and total debt of A$947.0M, which brings its debt-to-equity ratio to 25.8%. Its total assets and total liabilities are A$6.7B and A$3.0B respectively. Reece's EBIT is A$691.3M making its interest coverage ratio 7.3. It has cash and short-term investments of A$336.7M.
Key information
25.8%
Debt to equity ratio
AU$947.01m
Debt
Interest coverage ratio | 7.3x |
Cash | AU$336.70m |
Equity | AU$3.67b |
Total liabilities | AU$3.03b |
Total assets | AU$6.70b |
Recent financial health updates
Reece (ASX:REH) Seems To Use Debt Quite Sensibly
Nov 18Reece (ASX:REH) Seems To Use Debt Quite Sensibly
Apr 14We Think Reece (ASX:REH) Can Stay On Top Of Its Debt
Oct 30Is Reece (ASX:REH) A Risky Investment?
May 28We Think Reece (ASX:REH) Can Stay On Top Of Its Debt
Feb 25Is Reece (ASX:REH) A Risky Investment?
Aug 29Recent updates
There's Reason For Concern Over Reece Limited's (ASX:REH) Massive 27% Price Jump
Feb 27Are Reece Limited (ASX:REH) Investors Paying Above The Intrinsic Value?
Feb 17Reece Limited's (ASX:REH) Price Is Out Of Tune With Earnings
Dec 28There Are Reasons To Feel Uneasy About Reece's (ASX:REH) Returns On Capital
Dec 12Reece (ASX:REH) Seems To Use Debt Quite Sensibly
Nov 18A Look At The Fair Value Of Reece Limited (ASX:REH)
Oct 18Investors Could Be Concerned With Reece's (ASX:REH) Returns On Capital
Sep 10Do Reece's (ASX:REH) Earnings Warrant Your Attention?
Jun 27Reece (ASX:REH) Seems To Use Debt Quite Sensibly
Apr 14Is Now The Time To Put Reece (ASX:REH) On Your Watchlist?
Mar 27Here's Why We Think Reece (ASX:REH) Might Deserve Your Attention Today
Dec 24We Think Reece (ASX:REH) Can Stay On Top Of Its Debt
Oct 30Reece (ASX:REH) Will Pay A Larger Dividend Than Last Year At A$0.15
Sep 30Here's Why We Think Reece (ASX:REH) Might Deserve Your Attention Today
Sep 17Reece (ASX:REH) Is Paying Out A Larger Dividend Than Last Year
Sep 01Calculating The Intrinsic Value Of Reece Limited (ASX:REH)
Aug 21If You Like EPS Growth Then Check Out Reece (ASX:REH) Before It's Too Late
Jun 13Is Reece (ASX:REH) A Risky Investment?
May 28A Look At The Intrinsic Value Of Reece Limited (ASX:REH)
May 13We Think Reece (ASX:REH) Can Stay On Top Of Its Debt
Feb 25Is Reece Limited (ASX:REH) Expensive For A Reason? A Look At Its Intrinsic Value
Feb 05Does This Valuation Of Reece Limited (ASX:REH) Imply Investors Are Overpaying?
Oct 28Reece (ASX:REH) Is Increasing Its Dividend To AU$0.12
Sep 23Reece (ASX:REH) Is Increasing Its Dividend To AU$0.12
Aug 30Is Reece (ASX:REH) A Risky Investment?
Aug 29Here's Why Reece (ASX:REH) Can Manage Its Debt Responsibly
Mar 29Shareholders Of Reece (ASX:REH) Must Be Happy With Their 201% Total Return
Mar 02Could The Reece Limited (ASX:REH) Ownership Structure Tell Us Something Useful?
Feb 09Is Reece Limited's (ASX:REH) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Jan 19Does Reece (ASX:REH) Have A Healthy Balance Sheet?
Dec 28Is There More To The Story Than Reece's (ASX:REH) Earnings Growth?
Dec 09Did You Participate In Any Of Reece's (ASX:REH) Fantastic 116% Return ?
Nov 20Financial Position Analysis
Short Term Liabilities: REH's short term assets (A$3.0B) exceed its short term liabilities (A$1.3B).
Long Term Liabilities: REH's short term assets (A$3.0B) exceed its long term liabilities (A$1.7B).
Debt to Equity History and Analysis
Debt Level: REH's net debt to equity ratio (16.6%) is considered satisfactory.
Reducing Debt: REH's debt to equity ratio has reduced from 86.3% to 25.8% over the past 5 years.
Debt Coverage: REH's debt is well covered by operating cash flow (101%).
Interest Coverage: REH's interest payments on its debt are well covered by EBIT (7.3x coverage).