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 ratio7.3x
CashAU$336.70m
EquityAU$3.67b
Total liabilitiesAU$3.03b
Total assetsAU$6.70b

Recent financial health updates

Recent updates

There's Reason For Concern Over Reece Limited's (ASX:REH) Massive 27% Price Jump

Feb 27
There's Reason For Concern Over Reece Limited's (ASX:REH) Massive 27% Price Jump

Are Reece Limited (ASX:REH) Investors Paying Above The Intrinsic Value?

Feb 17
Are Reece Limited (ASX:REH) Investors Paying Above The Intrinsic Value?

Reece Limited's (ASX:REH) Price Is Out Of Tune With Earnings

Dec 28
Reece Limited's (ASX:REH) Price Is Out Of Tune With Earnings

There Are Reasons To Feel Uneasy About Reece's (ASX:REH) Returns On Capital

Dec 12
There Are Reasons To Feel Uneasy About Reece's (ASX:REH) Returns On Capital

Reece (ASX:REH) Seems To Use Debt Quite Sensibly

Nov 18
Reece (ASX:REH) Seems To Use Debt Quite Sensibly

A Look At The Fair Value Of Reece Limited (ASX:REH)

Oct 18
A Look At The Fair Value Of Reece Limited (ASX:REH)

Investors Could Be Concerned With Reece's (ASX:REH) Returns On Capital

Sep 10
Investors Could Be Concerned With Reece's (ASX:REH) Returns On Capital

Do Reece's (ASX:REH) Earnings Warrant Your Attention?

Jun 27
Do Reece's (ASX:REH) Earnings Warrant Your Attention?

Reece (ASX:REH) Seems To Use Debt Quite Sensibly

Apr 14
Reece (ASX:REH) Seems To Use Debt Quite Sensibly

Is Now The Time To Put Reece (ASX:REH) On Your Watchlist?

Mar 27
Is Now The Time To Put Reece (ASX:REH) On Your Watchlist?

Here's Why We Think Reece (ASX:REH) Might Deserve Your Attention Today

Dec 24
Here's Why We Think Reece (ASX:REH) Might Deserve Your Attention Today

We Think Reece (ASX:REH) Can Stay On Top Of Its Debt

Oct 30
We Think Reece (ASX:REH) Can Stay On Top Of Its Debt

Reece (ASX:REH) Will Pay A Larger Dividend Than Last Year At A$0.15

Sep 30
Reece (ASX:REH) Will Pay A Larger Dividend Than Last Year At A$0.15

Here's Why We Think Reece (ASX:REH) Might Deserve Your Attention Today

Sep 17
Here's Why We Think Reece (ASX:REH) Might Deserve Your Attention Today

Reece (ASX:REH) Is Paying Out A Larger Dividend Than Last Year

Sep 01
Reece (ASX:REH) Is Paying Out A Larger Dividend Than Last Year

Calculating The Intrinsic Value Of Reece Limited (ASX:REH)

Aug 21
Calculating The Intrinsic Value Of Reece Limited (ASX:REH)

If You Like EPS Growth Then Check Out Reece (ASX:REH) Before It's Too Late

Jun 13
If You Like EPS Growth Then Check Out Reece (ASX:REH) Before It's Too Late

Is Reece (ASX:REH) A Risky Investment?

May 28
Is Reece (ASX:REH) A Risky Investment?

A Look At The Intrinsic Value Of Reece Limited (ASX:REH)

May 13
A Look At The Intrinsic Value Of Reece Limited (ASX:REH)

We Think Reece (ASX:REH) Can Stay On Top Of Its Debt

Feb 25
We Think Reece (ASX:REH) Can Stay On Top Of Its Debt

Is Reece Limited (ASX:REH) Expensive For A Reason? A Look At Its Intrinsic Value

Feb 05
Is Reece Limited (ASX:REH) Expensive For A Reason? A Look At Its Intrinsic Value

Does This Valuation Of Reece Limited (ASX:REH) Imply Investors Are Overpaying?

Oct 28
Does This Valuation Of Reece Limited (ASX:REH) Imply Investors Are Overpaying?

Reece (ASX:REH) Is Increasing Its Dividend To AU$0.12

Sep 23
Reece (ASX:REH) Is Increasing Its Dividend To AU$0.12

Reece (ASX:REH) Is Increasing Its Dividend To AU$0.12

Aug 30
Reece (ASX:REH) Is Increasing Its Dividend To AU$0.12

Is Reece (ASX:REH) A Risky Investment?

Aug 29
Is Reece (ASX:REH) A Risky Investment?

Here's Why Reece (ASX:REH) Can Manage Its Debt Responsibly

Mar 29
Here's Why Reece (ASX:REH) Can Manage Its Debt Responsibly

Shareholders Of Reece (ASX:REH) Must Be Happy With Their 201% Total Return

Mar 02
Shareholders Of Reece (ASX:REH) Must Be Happy With Their 201% Total Return

Could The Reece Limited (ASX:REH) Ownership Structure Tell Us Something Useful?

Feb 09
Could The Reece Limited (ASX:REH) Ownership Structure Tell Us Something Useful?

Is Reece Limited's (ASX:REH) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Jan 19
Is Reece Limited's (ASX:REH) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Does Reece (ASX:REH) Have A Healthy Balance Sheet?

Dec 28
Does Reece (ASX:REH) Have A Healthy Balance Sheet?

Is There More To The Story Than Reece's (ASX:REH) Earnings Growth?

Dec 09
Is There More To The Story Than Reece's (ASX:REH) Earnings Growth?

Did You Participate In Any Of Reece's (ASX:REH) Fantastic 116% Return ?

Nov 20
Did You Participate In Any Of Reece's (ASX:REH) Fantastic 116% Return ?

Financial 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).


Balance Sheet


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