RBC Bearings Balance Sheet Health
Financial Health criteria checks 4/6
RBC Bearings has a total shareholder equity of $2.9B and total debt of $1.1B, which brings its debt-to-equity ratio to 38.2%. Its total assets and total liabilities are $4.7B and $1.8B respectively. RBC Bearings's EBIT is $357.5M making its interest coverage ratio 5. It has cash and short-term investments of $89.1M.
Key information
38.2%
Debt to equity ratio
US$1.10b
Debt
| Interest coverage ratio | 5x |
| Cash | US$89.10m |
| Equity | US$2.88b |
| Total liabilities | US$1.83b |
| Total assets | US$4.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: B1X's short term assets ($1.0B) exceed its short term liabilities ($293.9M).
Long Term Liabilities: B1X's short term assets ($1.0B) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: B1X's net debt to equity ratio (35.1%) is considered satisfactory.
Reducing Debt: B1X's debt to equity ratio has increased from 3.6% to 38.2% over the past 5 years.
Debt Coverage: B1X's debt is well covered by operating cash flow (27.2%).
Interest Coverage: B1X's interest payments on its debt are well covered by EBIT (5x coverage).