ReadyTech Holdings Balance Sheet Health
Financial Health criteria checks 4/6
ReadyTech Holdings has a total shareholder equity of A$137.5M and total debt of A$42.9M, which brings its debt-to-equity ratio to 31.2%. Its total assets and total liabilities are A$254.9M and A$117.4M respectively. ReadyTech Holdings's EBIT is A$11.2M making its interest coverage ratio 3.5. It has cash and short-term investments of A$14.9M.
Key information
31.2%
Debt to equity ratio
AU$42.90m
Debt
Interest coverage ratio | 3.5x |
Cash | AU$14.92m |
Equity | AU$137.49m |
Total liabilities | AU$117.40m |
Total assets | AU$254.89m |
Recent financial health updates
Recent updates
ReadyTech Holdings Limited (ASX:RDY) Shares Could Be 33% Below Their Intrinsic Value Estimate
Jun 25Is ReadyTech Holdings (ASX:RDY) Using Too Much Debt?
Nov 04Why ReadyTech Holdings Limited (ASX:RDY) Could Be Worth Watching
May 26I Ran A Stock Scan For Earnings Growth And ReadyTech Holdings (ASX:RDY) Passed With Ease
May 09Are Investors Undervaluing ReadyTech Holdings Limited (ASX:RDY) By 48%?
Mar 30ReadyTech Holdings (ASX:RDY) Shareholders Have Enjoyed A 36% Share Price Gain
Mar 15Alternate Non-Executive Director Mark Summerhayes Just Bought A Handful Of Shares In ReadyTech Holdings Limited (ASX:RDY)
Feb 23Are ReadyTech Holdings' (ASX:RDY) Statutory Earnings A Good Guide To Its Underlying Profitability?
Feb 14Should Weakness in ReadyTech Holdings Limited's (ASX:RDY) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Jan 10What Kind Of Shareholders Hold The Majority In ReadyTech Holdings Limited's (ASX:RDY) Shares?
Dec 14Did You Miss ReadyTech Holdings' (ASX:RDY) 13% Share Price Gain?
Nov 18Financial Position Analysis
Short Term Liabilities: RDY's short term assets (A$31.5M) do not cover its short term liabilities (A$53.7M).
Long Term Liabilities: RDY's short term assets (A$31.5M) do not cover its long term liabilities (A$63.7M).
Debt to Equity History and Analysis
Debt Level: RDY's net debt to equity ratio (20.4%) is considered satisfactory.
Reducing Debt: RDY's debt to equity ratio has reduced from 128.8% to 31.2% over the past 5 years.
Debt Coverage: RDY's debt is well covered by operating cash flow (77.3%).
Interest Coverage: RDY's interest payments on its debt are well covered by EBIT (3.5x coverage).