T. Rowe Price Group Balance Sheet Health
Financial Health criteria checks 5/6
T. Rowe Price Group has a total shareholder equity of $10.7B and total debt of $78.1M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are $12.9B and $2.2B respectively. T. Rowe Price Group's EBIT is $2.1B making its interest coverage ratio -3.6. It has cash and short-term investments of $2.4B.
Key information
0.7%
Debt to equity ratio
US$78.10m
Debt
Interest coverage ratio | -3.6x |
Cash | US$2.42b |
Equity | US$10.67b |
Total liabilities | US$2.19b |
Total assets | US$12.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TR1's short term assets ($3.3B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: TR1's short term assets ($3.3B) exceed its long term liabilities ($400.5M).
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 (1721.8%).
Interest Coverage: TR1 earns more interest than it pays, so coverage of interest payments is not a concern.