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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 21:28 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ridley Corporation Limited is covered by 11 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Dennis Hulme | APP Securities Pty Ltd. |
| Russell Wright | Barclay Pearce Capital Pty Limited |
| Richard Amland | CLSA |