Ricegrowers Balance Sheet Health
Financial Health criteria checks 5/6
Ricegrowers has a total shareholder equity of A$603.3M and total debt of A$238.0M, which brings its debt-to-equity ratio to 39.4%. Its total assets and total liabilities are A$1.4B and A$799.5M respectively. Ricegrowers's EBIT is A$114.5M making its interest coverage ratio 6.2. It has cash and short-term investments of A$32.8M.
Key information
39.4%
Debt to equity ratio
AU$237.97m
Debt
| Interest coverage ratio | 6.2x |
| Cash | AU$32.81m |
| Equity | AU$603.31m |
| Total liabilities | AU$799.52m |
| Total assets | AU$1.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7H0's short term assets (A$1.0B) exceed its short term liabilities (A$686.0M).
Long Term Liabilities: 7H0's short term assets (A$1.0B) exceed its long term liabilities (A$113.6M).
Debt to Equity History and Analysis
Debt Level: 7H0's net debt to equity ratio (34%) is considered satisfactory.
Reducing Debt: 7H0's debt to equity ratio has increased from 28.5% to 39.4% over the past 5 years.
Debt Coverage: 7H0's debt is well covered by operating cash flow (43.5%).
Interest Coverage: 7H0's interest payments on its debt are well covered by EBIT (6.2x coverage).