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
No updates
Recent updates
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).