Ricardo Balance Sheet Health
Financial Health criteria checks 5/6
Ricardo has a total shareholder equity of £165.2M and total debt of £106.9M, which brings its debt-to-equity ratio to 64.7%. Its total assets and total liabilities are £428.8M and £263.6M respectively. Ricardo's EBIT is £34.5M making its interest coverage ratio 3.8. It has cash and short-term investments of £48.6M.
Key information
64.7%
Debt to equity ratio
UK£106.90m
Debt
| Interest coverage ratio | 3.8x |
| Cash | UK£48.60m |
| Equity | UK£165.20m |
| Total liabilities | UK£263.60m |
| Total assets | UK£428.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RIR's short term assets (£232.6M) exceed its short term liabilities (£125.3M).
Long Term Liabilities: RIR's short term assets (£232.6M) exceed its long term liabilities (£138.3M).
Debt to Equity History and Analysis
Debt Level: RIR's net debt to equity ratio (35.3%) is considered satisfactory.
Reducing Debt: RIR's debt to equity ratio has increased from 48.3% to 64.7% over the past 5 years.
Debt Coverage: RIR's debt is well covered by operating cash flow (24.2%).
Interest Coverage: RIR's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 11:13 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ricardo plc is covered by 18 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Arden Partners Plc. |
| James Bayliss | Berenberg |
| Richard Hickinbotham | Charles Stanley Securities |