Ridley Balance Sheet Health

Financial Health criteria checks 6/6

Ridley has a total shareholder equity of A$321.1M and total debt of A$82.5M, which brings its debt-to-equity ratio to 25.7%. Its total assets and total liabilities are A$628.3M and A$307.1M respectively. Ridley's EBIT is A$65.9M making its interest coverage ratio 9.9. It has cash and short-term investments of A$38.9M.

Key information

25.7%

Debt to equity ratio

AU$82.50m

Debt

Interest coverage ratio	9.9x
Cash	AU$38.90m
Equity	AU$321.15m
Total liabilities	AU$307.11m
Total assets	AU$628.26m

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

Ridley (ASX:RIC) Is Paying Out A Larger Dividend Than Last Year

Feb 16

Ridley Corporation Limited's (ASX:RIC) Business Is Trailing The Market But Its Shares Aren't

Feb 14

How Much Did Ridley's(ASX:RIC) Shareholders Earn From Share Price Movements Over The Last Five Years?

Jan 12

Is There An Opportunity With Ridley Corporation Limited's (ASX:RIC) 25% Undervaluation?

Dec 22

Does Ridley (ASX:RIC) Have A Healthy Balance Sheet?

Nov 22

Financial Position Analysis

Short Term Liabilities: RIC's short term assets (A$283.7M) exceed its short term liabilities (A$219.8M).

Long Term Liabilities: RIC's short term assets (A$283.7M) exceed its long term liabilities (A$87.3M).

Debt to Equity History and Analysis

Debt Level: RIC's net debt to equity ratio (13.6%) is considered satisfactory.

Reducing Debt: RIC's debt to equity ratio has reduced from 39.5% to 25.7% over the past 5 years.

Debt Coverage: RIC's debt is well covered by operating cash flow (78.9%).

Interest Coverage: RIC's interest payments on its debt are well covered by EBIT (9.9x coverage).

Ridley Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Does Ridley (ASX:RIC) Have A Healthy Balance Sheet?

Does Ridley (ASX:RIC) Have A Healthy Balance Sheet?

Recent updates

Upcoming dividend of AU$0.044 per share

Ridley (ASX:RIC) Is Paying Out A Larger Dividend Than Last Year

First half dividend increased to AU$0.044

First half 2024 earnings released: EPS: AU$0.068 (vs AU$0.066 in 1H 2023)

Ridley Corporation Limited's (ASX:RIC) Business Is Trailing The Market But Its Shares Aren't

Ridley Corporation Limited to Report First Half, 2024 Results on Feb 14, 2024

Price target increased by 8.2% to AU$2.63

Upcoming dividend of AU$0.043 per share at 3.6% yield

Ridley Corporation Limited, Annual General Meeting, Nov 21, 2023

Insufficient new directors

Ridley Corporation Limited Announces Directorate Changes

Ridley (ASX:RIC) Is Increasing Its Dividend To A$0.0425

Ridley Corporation Limited Declares Final Dividend, Payable on 26 October 2023

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

Ridley Corporation Limited to Report Fiscal Year 2023 Results on Aug 17, 2023

Upcoming dividend of AU$0.04 per share at 3.7% yield

Insider recently sold AU$22m worth of stock

Price target increased by 10% to AU$2.38

With EPS Growth And More, Ridley (ASX:RIC) Makes An Interesting Case

First half 2023 earnings: EPS and revenues exceed analyst expectations

Ridley Corporation Limited Announces Distribution for the Six Months Ended December 31, 2022, Payable on April 27, 2023

Ridley Corporation Limited to Report First Half, 2023 Results on Feb 16, 2023

Upcoming dividend of AU$0.04 per share

Ridley's (ASX:RIC) Dividend Will Be Increased To A$0.04

Ridley Corporation Limited Declares Final Dividend, Payable on 27 October 2022

Ridley Corporation Limited Announces Distribution for the Six Months Ended June 30, 2022, Payable on October 27, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Ridley Corporation Limited Announces Distribution for the Six Months Ended June 30, 2022, Payable on October 27, 2022

Ridley Corporation Limited Announces Board Changes

Ridley Corporation Limited to Report Fiscal Year 2022 Results on Aug 18, 2022

The Returns At Ridley (ASX:RIC) Aren't Growing

Ridley Corporation Limited, Annual General Meeting, Nov 24, 2022

Slowing Rates Of Return At Ridley (ASX:RIC) Leave Little Room For Excitement

Upcoming dividend of AU$0.034 per share

Consensus forecasts updated

First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased to AU$1.77

Ridley Corporation Limited Announces Distribution Amount to the Financial Reporting or Payment Period Ending Ended/Ending December 31,2021, Payable on April 29, 2022

Price target increased to AU$1.68

Price target increased to AU$1.64

Insider recently bought AU$5.0m worth of stock

Upcoming dividend of AU$0.02 per share

Full year 2021 earnings released: EPS AU$0.078 (vs AU$0.035 loss in FY 2020)

Chief Financial Officer Alan Boyd has left the company

Full year 2021 earnings released: EPS AU$0.078 (vs AU$0.028 loss in FY 2020)

Price target increased to AU$1.51

Return Trends At Ridley (ASX:RIC) Aren't Appealing

The Returns At Ridley (ASX:RIC) Aren't Growing

A Look At The Fair Value Of Ridley Corporation Limited (ASX:RIC)

Does Ridley (ASX:RIC) Have A Healthy Balance Sheet?

Price target raised to AU$1.31

Is There Now An Opportunity In Ridley Corporation Limited (ASX:RIC)?

First half 2021 earnings released: EPS AU$0.036 (vs AU$0.001 in 1H 2020)

Alan Boyd Retires as Chief Financial Officer of Ridley Corporation Limited

What Percentage Of Ridley Corporation Limited (ASX:RIC) Shares Do Insiders Own?

Ridley Corporation Limited, Annual General Meeting, Nov 30, 2021

New 90-day high: AU$0.99

Insider recently bought AU$12m worth of stock

Our Take On The Returns On Capital At Ridley (ASX:RIC)

Ridley Corporation Limited to Report First Half, 2021 Results on Feb 24, 2021

How Much Did Ridley's(ASX:RIC) Shareholders Earn From Share Price Movements Over The Last Five Years?

New 90-day high: AU$0.95

Is There An Opportunity With Ridley Corporation Limited's (ASX:RIC) 25% Undervaluation?

Does Ridley (ASX:RIC) Have A Healthy Balance Sheet?

Independent Non-Executive Director recently bought AU$102k worth of stock

Key Executive recently bought AU$251k worth of stock

New 90-day high: AU$0.87

Key Executive recently bought AU$199k worth of stock

New 90-day high: AU$0.81

Full year earnings released - AU$0.028 loss per share

Independent Non-Executive Director recently bought AU$50k worth of stock

Independent Non-Executive Director recently bought AU$50k worth of stock

Earnings released