Redcentric Balance Sheet Health
Financial Health criteria checks 1/6
Redcentric has a total shareholder equity of £56.8M and total debt of £42.7M, which brings its debt-to-equity ratio to 75.3%. Its total assets and total liabilities are £181.0M and £124.2M respectively. Redcentric's EBIT is £8.7M making its interest coverage ratio 1.5. It has cash and short-term investments of £4.0M.
Key information
75.3%
Debt to equity ratio
UK£42.74m
Debt
| Interest coverage ratio | 1.5x |
| Cash | UK£4.00m |
| Equity | UK£56.77m |
| Total liabilities | UK£124.20m |
| Total assets | UK£180.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6YD's short term assets (£42.8M) do not cover its short term liabilities (£52.3M).
Long Term Liabilities: 6YD's short term assets (£42.8M) do not cover its long term liabilities (£71.8M).
Debt to Equity History and Analysis
Debt Level: 6YD's net debt to equity ratio (68.2%) is considered high.
Reducing Debt: 6YD's debt to equity ratio has increased from 17.6% to 75.3% over the past 5 years.
Debt Coverage: 6YD's debt is well covered by operating cash flow (70.8%).
Interest Coverage: 6YD's interest payments on its debt are not well covered by EBIT (1.5x coverage).