Reckon Balance Sheet Health
Financial Health criteria checks 4/6
Reckon has a total shareholder equity of A$19.6M and total debt of A$3.8M, which brings its debt-to-equity ratio to 19.1%. Its total assets and total liabilities are A$41.2M and A$21.6M respectively. Reckon's EBIT is A$5.3M making its interest coverage ratio 26.8. It has cash and short-term investments of A$975.0K.
Key information
19.1%
Debt to equity ratio
AU$3.75m
Debt
Interest coverage ratio | 26.8x |
Cash | AU$975.00k |
Equity | AU$19.62m |
Total liabilities | AU$21.58m |
Total assets | AU$41.21m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RKN's short term assets (A$5.3M) do not cover its short term liabilities (A$12.1M).
Long Term Liabilities: RKN's short term assets (A$5.3M) do not cover its long term liabilities (A$9.5M).
Debt to Equity History and Analysis
Debt Level: RKN's net debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: RKN's debt to equity ratio has reduced from 288.5% to 19.1% over the past 5 years.
Debt Coverage: RKN's debt is well covered by operating cash flow (509.7%).
Interest Coverage: RKN's interest payments on its debt are well covered by EBIT (26.8x coverage).