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$5.2B, which brings its debt-to-equity ratio to 93.9%. Its total assets and total liabilities are A$20.6B and A$15.1B respectively. Ramsay Health Care's EBIT is A$849.7M making its interest coverage ratio 1.5. It has cash and short-term investments of A$402.4M.
Key information
93.9%
Debt to equity ratio
AU$5.15b
Debt
| Interest coverage ratio | 1.5x |
| Cash | AU$402.40m |
| Equity | AU$5.49b |
| Total liabilities | AU$15.15b |
| Total assets | AU$20.64b |
Recent financial health updates
Ramsay Health Care (ASX:RHC) Seems To Use Debt Quite Sensibly
Mar 29
We 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
Ramsay 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$3.5B) do not cover its short term liabilities (A$3.7B).
Long Term Liabilities: RHC's short term assets (A$3.5B) do not cover its long term liabilities (A$11.5B).
Debt to Equity History and Analysis
Debt Level: RHC's net debt to equity ratio (86.6%) is considered high.
Reducing Debt: RHC's debt to equity ratio has reduced from 219.3% to 93.9% over the past 5 years.
Debt Coverage: RHC's debt is well covered by operating cash flow (20.3%).
Interest Coverage: RHC's interest payments on its debt are not well covered by EBIT (1.5x coverage).