Redrow Balance Sheet Health
Financial Health criteria checks 6/6
Redrow has a total shareholder equity of £2.0B and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £2.9B and £909.0M respectively. Redrow's EBIT is £286.0M making its interest coverage ratio 57.2. It has cash and short-term investments of £121.0M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | 57.2x |
| Cash | UK£121.00m |
| Equity | UK£2.02b |
| Total liabilities | UK£909.00m |
| Total assets | UK£2.93b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1HO1's short term assets (£2.9B) exceed its short term liabilities (£710.0M).
Long Term Liabilities: 1HO1's short term assets (£2.9B) exceed its long term liabilities (£199.0M).
Debt to Equity History and Analysis
Debt Level: 1HO1 is debt free.
Reducing Debt: 1HO1 has no debt compared to 5 years ago when its debt to equity ratio was 0.06%.
Debt Coverage: 1HO1 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 1HO1 has no debt, therefore coverage of interest payments is not a concern.