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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RHCPA's short term assets (A$3.5B) do not cover its short term liabilities (A$3.7B).
Long Term Liabilities: RHCPA'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: RHCPA's net debt to equity ratio (86.6%) is considered high.
Reducing Debt: RHCPA's debt to equity ratio has reduced from 219.3% to 93.9% over the past 5 years.
Debt Coverage: RHCPA's debt is well covered by operating cash flow (20.3%).
Interest Coverage: RHCPA's interest payments on its debt are not well covered by EBIT (1.5x coverage).