RB Global Balance Sheet Health
Financial Health criteria checks 3/6
RB Global has a total shareholder equity of $5.5B and total debt of $3.3B, which brings its debt-to-equity ratio to 59.4%. Its total assets and total liabilities are $12.0B and $6.5B respectively. RB Global's EBIT is $682.5M making its interest coverage ratio 3.6. It has cash and short-term investments of $576.2M.
Key information
59.4%
Debt to equity ratio
US$3.27b
Debt
Interest coverage ratio | 3.6x |
Cash | US$576.20m |
Equity | US$5.51b |
Total liabilities | US$6.53b |
Total assets | US$12.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RBA's short term assets ($1.8B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: RBA's short term assets ($1.8B) do not cover its long term liabilities ($5.2B).
Debt to Equity History and Analysis
Debt Level: RBA's net debt to equity ratio (48.9%) is considered high.
Reducing Debt: RBA's debt to equity ratio has reduced from 87.5% to 59.4% over the past 5 years.
Debt Coverage: RBA's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: RBA's interest payments on its debt are well covered by EBIT (3.6x coverage).