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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RHCPA's short term assets (A$3.9B) do not cover its short term liabilities (A$4.2B).
Long Term Liabilities: RHCPA'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: RHCPA's net debt to equity ratio (79.5%) is considered high.
Reducing Debt: RHCPA's debt to equity ratio has reduced from 175.5% to 92% over the past 5 years.
Debt Coverage: RHCPA's debt is well covered by operating cash flow (25.4%).
Interest Coverage: RHCPA's interest payments on its debt are not well covered by EBIT (1.5x coverage).