RBC Bearings Balance Sheet Health
Financial Health criteria checks 3/6
RBC Bearings has a total shareholder equity of $2.7B and total debt of $1.3B, which brings its debt-to-equity ratio to 46.9%. Its total assets and total liabilities are $4.7B and $2.0B respectively. RBC Bearings's EBIT is $335.0M making its interest coverage ratio 4.1. It has cash and short-term investments of $71.6M.
Key information
46.9%
Debt to equity ratio
US$1.26b
Debt
Interest coverage ratio | 4.1x |
Cash | US$71.60m |
Equity | US$2.70b |
Total liabilities | US$2.00b |
Total assets | US$4.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: B1X's short term assets ($957.3M) exceed its short term liabilities ($291.6M).
Long Term Liabilities: B1X's short term assets ($957.3M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: B1X's net debt to equity ratio (44.2%) is considered high.
Reducing Debt: B1X's debt to equity ratio has increased from 12.2% to 46.9% over the past 5 years.
Debt Coverage: B1X's debt is well covered by operating cash flow (21.1%).
Interest Coverage: B1X's interest payments on its debt are well covered by EBIT (4.1x coverage).