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 06Recent 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 06Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 22:03 |
| 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
Ramsay Health Care Limited is covered by 32 analysts. 14 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 |
|---|---|
| John Hester | ANZ Equities Pty Limited |
| Russell Wright | Barclay Pearce Capital Pty Limited |
| Saul Hadassin | Barrenjoey Markets Pty Limited |