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).