Rectifier Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Rectifier Technologies has a total shareholder equity of A$14.4M and total debt of A$2.2M, which brings its debt-to-equity ratio to 15.5%. Its total assets and total liabilities are A$33.0M and A$18.6M respectively. Rectifier Technologies's EBIT is A$2.8M making its interest coverage ratio 21.8. It has cash and short-term investments of A$4.2M.
Key information
15.5%
Debt to equity ratio
AU$2.24m
Debt
Interest coverage ratio | 21.8x |
Cash | AU$4.19m |
Equity | AU$14.41m |
Total liabilities | AU$18.64m |
Total assets | AU$33.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RFT's short term assets (A$26.3M) exceed its short term liabilities (A$15.8M).
Long Term Liabilities: RFT's short term assets (A$26.3M) exceed its long term liabilities (A$2.9M).
Debt to Equity History and Analysis
Debt Level: RFT has more cash than its total debt.
Reducing Debt: RFT's debt to equity ratio has reduced from 43.7% to 15.5% over the past 5 years.
Debt Coverage: RFT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RFT's interest payments on its debt are well covered by EBIT (21.8x coverage).