ReadyTech Holdings Balance Sheet Health
Financial Health criteria checks 4/6
ReadyTech Holdings has a total shareholder equity of A$151.2M and total debt of A$41.9M, which brings its debt-to-equity ratio to 27.7%. Its total assets and total liabilities are A$261.4M and A$110.2M respectively. ReadyTech Holdings's EBIT is A$10.3M making its interest coverage ratio 3.1. It has cash and short-term investments of A$21.9M.
Key information
27.7%
Debt to equity ratio
AU$41.90m
Debt
| Interest coverage ratio | 3.1x |
| Cash | AU$21.87m |
| Equity | AU$151.21m |
| Total liabilities | AU$110.22m |
| Total assets | AU$261.43m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RDY's short term assets (A$41.1M) do not cover its short term liabilities (A$62.5M).
Long Term Liabilities: RDY's short term assets (A$41.1M) do not cover its long term liabilities (A$47.7M).
Debt to Equity History and Analysis
Debt Level: RDY's net debt to equity ratio (13.2%) is considered satisfactory.
Reducing Debt: RDY's debt to equity ratio has reduced from 73.6% to 27.7% over the past 5 years.
Debt Coverage: RDY's debt is well covered by operating cash flow (75.4%).
Interest Coverage: RDY's interest payments on its debt are well covered by EBIT (3.1x coverage).