Resimac Group Balance Sheet Health
Financial Health criteria checks 3/6
Resimac Group has a total shareholder equity of A$415.5M and total debt of A$14.2B, which brings its debt-to-equity ratio to 3412%. Its total assets and total liabilities are A$14.6B and A$14.2B respectively.
Key information
3,412.0%
Debt to equity ratio
AU$14.18b
Debt
Interest coverage ratio | n/a |
Cash | AU$1.09b |
Equity | AU$415.53m |
Total liabilities | AU$14.22b |
Total assets | AU$14.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RMC's short term assets (A$14.6B) exceed its short term liabilities (A$5.2B).
Long Term Liabilities: RMC's short term assets (A$14.6B) exceed its long term liabilities (A$9.0B).
Debt to Equity History and Analysis
Debt Level: RMC's net debt to equity ratio (3150.5%) is considered high.
Reducing Debt: RMC's debt to equity ratio has reduced from 5780.7% to 3412% over the past 5 years.
Debt Coverage: RMC's debt is not well covered by operating cash flow (13%).
Interest Coverage: Insufficient data to determine if RMC's interest payments on its debt are well covered by EBIT.