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
No updates
Recent updates
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).