Ridley Balance Sheet Health
Financial Health criteria checks 6/6
Ridley has a total shareholder equity of A$323.1M and total debt of A$150.0M, which brings its debt-to-equity ratio to 46.4%. Its total assets and total liabilities are A$664.4M and A$341.3M respectively. Ridley's EBIT is A$63.9M making its interest coverage ratio 8.2. It has cash and short-term investments of A$34.2M.
Key information
46.4%
Debt to equity ratio
AU$150.00m
Debt
| Interest coverage ratio | 8.2x |
| Cash | AU$34.20m |
| Equity | AU$323.12m |
| Total liabilities | AU$341.26m |
| Total assets | AU$664.38m |
Recent financial health updates
Does Ridley (ASX:RIC) Have A Healthy Balance Sheet?
Mar 23
Does Ridley (ASX:RIC) Have A Healthy Balance Sheet?
Nov 22
Recent updates
Increases to CEO Compensation Might Be Put On Hold For Now at Ridley Corporation Limited (ASX:RIC)
Nov 12Ridley's (ASX:RIC) Dividend Will Be Increased To A$0.0465
Oct 04Ridley (ASX:RIC) Is Paying Out A Larger Dividend Than Last Year
Aug 23Ridley (ASX:RIC) Is Paying Out A Larger Dividend Than Last Year
Feb 16Ridley Corporation Limited's (ASX:RIC) Business Is Trailing The Market But Its Shares Aren't
Feb 14Ridley (ASX:RIC) Is Increasing Its Dividend To A$0.0425
Aug 26With EPS Growth And More, Ridley (ASX:RIC) Makes An Interesting Case
Feb 18Ridley's (ASX:RIC) Dividend Will Be Increased To A$0.04
Sep 27The Returns At Ridley (ASX:RIC) Aren't Growing
Jul 22Slowing Rates Of Return At Ridley (ASX:RIC) Leave Little Room For Excitement
Apr 19Return Trends At Ridley (ASX:RIC) Aren't Appealing
Aug 25The Returns At Ridley (ASX:RIC) Aren't Growing
May 25A Look At The Fair Value Of Ridley Corporation Limited (ASX:RIC)
Apr 19Does Ridley (ASX:RIC) Have A Healthy Balance Sheet?
Mar 23Is There Now An Opportunity In Ridley Corporation Limited (ASX:RIC)?
Mar 09What Percentage Of Ridley Corporation Limited (ASX:RIC) Shares Do Insiders Own?
Feb 24Our Take On The Returns On Capital At Ridley (ASX:RIC)
Feb 02How Much Did Ridley's(ASX:RIC) Shareholders Earn From Share Price Movements Over The Last Five Years?
Jan 12Is There An Opportunity With Ridley Corporation Limited's (ASX:RIC) 25% Undervaluation?
Dec 22Does Ridley (ASX:RIC) Have A Healthy Balance Sheet?
Nov 22Financial Position Analysis
Short Term Liabilities: RIC's short term assets (A$274.9M) exceed its short term liabilities (A$245.1M).
Long Term Liabilities: RIC's short term assets (A$274.9M) exceed its long term liabilities (A$96.2M).
Debt to Equity History and Analysis
Debt Level: RIC's net debt to equity ratio (35.8%) is considered satisfactory.
Reducing Debt: RIC's debt to equity ratio has reduced from 56.7% to 46.4% over the past 5 years.
Debt Coverage: RIC's debt is well covered by operating cash flow (70%).
Interest Coverage: RIC's interest payments on its debt are well covered by EBIT (8.2x coverage).