Ricegrowers Balance Sheet Health
Financial Health criteria checks 6/6
Ricegrowers has a total shareholder equity of A$573.4M and total debt of A$271.7M, which brings its debt-to-equity ratio to 47.4%. Its total assets and total liabilities are A$1.3B and A$691.5M respectively. Ricegrowers's EBIT is A$114.2M making its interest coverage ratio 6.2. It has cash and short-term investments of A$50.7M.
Key information
47.4%
Debt to equity ratio
AU$271.74m
Debt
Interest coverage ratio | 6.2x |
Cash | AU$50.68m |
Equity | AU$573.42m |
Total liabilities | AU$691.48m |
Total assets | AU$1.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7H0's short term assets (A$891.0M) exceed its short term liabilities (A$586.8M).
Long Term Liabilities: 7H0's short term assets (A$891.0M) exceed its long term liabilities (A$104.6M).
Debt to Equity History and Analysis
Debt Level: 7H0's net debt to equity ratio (38.6%) is considered satisfactory.
Reducing Debt: 7H0's debt to equity ratio has reduced from 49.7% to 47.4% over the past 5 years.
Debt Coverage: 7H0's debt is well covered by operating cash flow (38.3%).
Interest Coverage: 7H0's interest payments on its debt are well covered by EBIT (6.2x coverage).