Ramsay Health Care Balance Sheet Health
Financial Health criteria checks 2/6
Ramsay Health Care has a total shareholder equity of A$5.5B and total debt of A$5.1B, which brings its debt-to-equity ratio to 92%. Its total assets and total liabilities are A$20.9B and A$15.4B respectively. Ramsay Health Care's EBIT is A$938.7M making its interest coverage ratio 1.5. It has cash and short-term investments of A$694.1M.
Key information
92.0%
Debt to equity ratio
AU$5.09b
Debt
| Interest coverage ratio | 1.5x |
| Cash | AU$694.10m |
| Equity | AU$5.53b |
| Total liabilities | AU$15.37b |
| Total assets | AU$20.89b |
Recent financial health updates
Here's Why Ramsay Health Care (ASX:RHC) Has A Meaningful Debt Burden
Oct 06
Here's Why Ramsay Health Care (ASX:RHC) Has A Meaningful Debt Burden
May 06Ramsay Health Care (ASX:RHC) Seems To Use Debt Quite Sensibly
Mar 29We Think Ramsay Health Care (ASX:RHC) Is Taking Some Risk With Its Debt
Sep 16Does Ramsay Health Care (ASX:RHC) Have A Healthy Balance Sheet?
Jun 07Recent updates
Returns On Capital At Ramsay Health Care (ASX:RHC) Paint A Concerning Picture
Nov 11Here's Why Ramsay Health Care (ASX:RHC) Has A Meaningful Debt Burden
Oct 06Why Investors Shouldn't Be Surprised By Ramsay Health Care Limited's (ASX:RHC) P/E
Sep 18Ramsay Health Care (ASX:RHC) May Have Issues Allocating Its Capital
Jul 12Ramsay Health Care Limited's (ASX:RHC) Intrinsic Value Is Potentially 54% Above Its Share Price
Jun 24Shareholders Should Be Pleased With Ramsay Health Care Limited's (ASX:RHC) Price
Jun 06Here's Why Ramsay Health Care (ASX:RHC) Has A Meaningful Debt Burden
May 06Ramsay Health Care (ASX:RHC) Seems To Use Debt Quite Sensibly
Mar 29Ramsay Health Care (ASX:RHC) Has Re-Affirmed Its Dividend Of AU$0.48
Feb 27Ramsay Health Care Limited's (ASX:RHC) Intrinsic Value Is Potentially 68% Above Its Share Price
Feb 15We Think Ramsay Health Care (ASX:RHC) Is Taking Some Risk With Its Debt
Sep 16Ramsay Health Care (ASX:RHC) May Have Issues Allocating Its Capital
Aug 22Is There An Opportunity With Ramsay Health Care Limited's (ASX:RHC) 27% Undervaluation?
Jun 22Does Ramsay Health Care (ASX:RHC) Have A Healthy Balance Sheet?
Jun 07There Are Reasons To Feel Uneasy About Ramsay Health Care's (ASX:RHC) Returns On Capital
May 09What Is The Ownership Structure Like For Ramsay Health Care Limited (ASX:RHC)?
Mar 16Income Investors Should Know That Ramsay Health Care Limited (ASX:RHC) Goes Ex-Dividend Soon
Mar 03Ramsay Health Care Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Feb 26Are Insiders Buying Ramsay Health Care Limited (ASX:RHC) Stock?
Feb 15Financial Position Analysis
Short Term Liabilities: RHC's short term assets (A$3.9B) do not cover its short term liabilities (A$4.2B).
Long Term Liabilities: RHC's short term assets (A$3.9B) do not cover its long term liabilities (A$11.2B).
Debt to Equity History and Analysis
Debt Level: RHC's net debt to equity ratio (79.5%) is considered high.
Reducing Debt: RHC's debt to equity ratio has reduced from 175.5% to 92% over the past 5 years.
Debt Coverage: RHC's debt is well covered by operating cash flow (25.4%).
Interest Coverage: RHC's interest payments on its debt are not well covered by EBIT (1.5x coverage).