Richards Packaging Income Fund Balance Sheet Health
Financial Health criteria checks 6/6
Richards Packaging Income Fund has a total shareholder equity of CA$191.9M and total debt of CA$20.3M, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are CA$318.1M and CA$126.2M respectively. Richards Packaging Income Fund's EBIT is CA$56.0M making its interest coverage ratio 20.6. It has cash and short-term investments of CA$4.8M.
Key information
10.6%
Debt to equity ratio
CA$20.28m
Debt
| Interest coverage ratio | 20.6x |
| Cash | CA$4.76m |
| Equity | CA$191.91m |
| Total liabilities | CA$126.22m |
| Total assets | CA$318.13m |
Recent financial health updates
No updates
Recent updates
Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11
Jul 25
Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11
May 24Some May Be Optimistic About Richards Packaging Income Fund's (TSE:RPI.UN) Earnings
Mar 15Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11
Feb 23Richards Packaging Income Fund (TSE:RPI.UN) Is Paying Out A Dividend Of CA$0.11
Jan 25Richards Packaging Income Fund's (TSE:RPI.UN) Dividend Will Be CA$0.11
Oct 24Richards Packaging Income Fund (TSE:RPI.UN) Is Due To Pay A Dividend Of CA$0.11
Aug 28Richards Packaging Income Fund's (TSE:RPI.UN) Dividend Will Be CA$0.11
Jul 23Richards Packaging Income Fund (TSE:RPI.UN) Is Due To Pay A Dividend Of CA$0.11
Jun 23Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11
May 25Richards Packaging Income Fund (TSE:RPI.UN) Is Due To Pay A Dividend Of CA$0.11
Mar 24Richards Packaging Income Fund (TSE:RPI.UN) Has Affirmed Its Dividend Of CA$0.11
Feb 24Richards Packaging Income Fund (TSE:RPI.UN) Has Affirmed Its Dividend Of CA$0.11
Dec 22Richards Packaging Income Fund (TSE:RPI.UN) Is Paying Out A Dividend Of CA$0.11
Nov 24Richards Packaging Income Fund (TSE:RPI.UN) Is Due To Pay A Dividend Of CA$0.11
Oct 23Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11
Sep 22Richards Packaging Income Fund (TSE:RPI.UN) Is Due To Pay A Dividend Of CA$0.11
Aug 23Richards Packaging Income Fund (TSE:RPI.UN) Is Paying Out A Dividend Of CA$0.11
Jul 23Richards Packaging Income Fund's (TSE:RPI.UN) Dividend Will Be CA$0.11
May 22Richards Packaging Income Fund (TSE:RPI.UN) Has Re-Affirmed Its Dividend Of CA$0.11
Apr 22Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11
Sep 23Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11
Aug 23Richards Packaging Income Fund's (TSE:RPI.UN) Dividend Will Be CA$0.11
Jul 23We Think Richards Packaging Income Fund (TSE:RPI.UN) Might Have The DNA Of A Multi-Bagger
Jun 07Financial Position Analysis
Short Term Liabilities: RPI.UN's short term assets (CA$140.6M) exceed its short term liabilities (CA$86.5M).
Long Term Liabilities: RPI.UN's short term assets (CA$140.6M) exceed its long term liabilities (CA$39.7M).
Debt to Equity History and Analysis
Debt Level: RPI.UN's net debt to equity ratio (8.1%) is considered satisfactory.
Reducing Debt: RPI.UN's debt to equity ratio has reduced from 53.8% to 10.6% over the past 5 years.
Debt Coverage: RPI.UN's debt is well covered by operating cash flow (353.9%).
Interest Coverage: RPI.UN's interest payments on its debt are well covered by EBIT (20.6x coverage).