Regal Rexnord Balance Sheet Health
Financial Health criteria checks 1/6
Regal Rexnord has a total shareholder equity of $6.3B and total debt of $6.2B, which brings its debt-to-equity ratio to 99.5%. Its total assets and total liabilities are $15.1B and $8.8B respectively. Regal Rexnord's EBIT is $721.5M making its interest coverage ratio 1.7. It has cash and short-term investments of $465.3M.
Key information
99.5%
Debt to equity ratio
US$6.24b
Debt
Interest coverage ratio | 1.7x |
Cash | US$465.30m |
Equity | US$6.28b |
Total liabilities | US$8.80b |
Total assets | US$15.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RB8's short term assets ($3.3B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: RB8's short term assets ($3.3B) do not cover its long term liabilities ($7.5B).
Debt to Equity History and Analysis
Debt Level: RB8's net debt to equity ratio (92.1%) is considered high.
Reducing Debt: RB8's debt to equity ratio has increased from 49.6% to 99.5% over the past 5 years.
Debt Coverage: RB8's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: RB8's interest payments on its debt are not well covered by EBIT (1.7x coverage).