Renishaw Balance Sheet Health
Financial Health criteria checks 5/6
Renishaw has a total shareholder equity of £866.7M and total debt of £4.4M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are £987.7M and £120.9M respectively. Renishaw's EBIT is £114.0M making its interest coverage ratio -12.2. It has cash and short-term investments of £178.3M.
Key information
0.5%
Debt to equity ratio
UK£4.37m
Debt
Interest coverage ratio | -12.2x |
Cash | UK£178.26m |
Equity | UK£866.73m |
Total liabilities | UK£120.95m |
Total assets | UK£987.68m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: REW's short term assets (£535.4M) exceed its short term liabilities (£86.8M).
Long Term Liabilities: REW's short term assets (£535.4M) exceed its long term liabilities (£34.2M).
Debt to Equity History and Analysis
Debt Level: REW has more cash than its total debt.
Reducing Debt: REW's debt to equity ratio has increased from 0% to 0.5% over the past 5 years.
Debt Coverage: REW's debt is well covered by operating cash flow (2706.1%).
Interest Coverage: REW earns more interest than it pays, so coverage of interest payments is not a concern.