T. Rowe Price Group Balance Sheet Health
Financial Health criteria checks 5/6
T. Rowe Price Group has a total shareholder equity of $11.2B and total debt of $75.8M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are $13.7B and $2.5B respectively. T. Rowe Price Group's EBIT is $2.1B making its interest coverage ratio -2.9. It has cash and short-term investments of $3.2B.
Key information
0.7%
Debt to equity ratio
US$75.80m
Debt
| Interest coverage ratio | -2.9x |
| Cash | US$3.17b |
| Equity | US$11.22b |
| Total liabilities | US$2.49b |
| Total assets | US$13.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TR1's short term assets ($4.1B) exceed its short term liabilities ($2.1B).
Long Term Liabilities: TR1's short term assets ($4.1B) exceed its long term liabilities ($355.7M).
Debt to Equity History and Analysis
Debt Level: TR1 has more cash than its total debt.
Reducing Debt: TR1's debt to equity ratio has increased from 0% to 0.7% over the past 5 years.
Debt Coverage: TR1's debt is well covered by operating cash flow (2388%).
Interest Coverage: TR1 earns more interest than it pays, so coverage of interest payments is not a concern.