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
CashAU$179.29m
EquityAU$531.27m
Total liabilitiesAU$171.11m
Total assetsAU$702.38m

Recent financial health updates

No updates

Recent updates

Financial 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.


Balance Sheet


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