Richardson Electronics Balance Sheet Health
Financial Health criteria checks 6/6
Richardson Electronics has a total shareholder equity of $158.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $193.6M and $35.0M respectively. Richardson Electronics's EBIT is $1.9M making its interest coverage ratio -5.7. It has cash and short-term investments of $18.9M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | -5.7x |
Cash | US$18.88m |
Equity | US$158.62m |
Total liabilities | US$34.98m |
Total assets | US$193.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RE3's short term assets ($163.4M) exceed its short term liabilities ($32.3M).
Long Term Liabilities: RE3's short term assets ($163.4M) exceed its long term liabilities ($2.7M).
Debt to Equity History and Analysis
Debt Level: RE3 is debt free.
Reducing Debt: RE3 has not had any debt for past 5 years.
Debt Coverage: RE3 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: RE3 has no debt, therefore coverage of interest payments is not a concern.