Renold Balance Sheet Health

Financial Health criteria checks 4/6

Renold has a total shareholder equity of £54.6M and total debt of £62.9M, which brings its debt-to-equity ratio to 115.2%. Its total assets and total liabilities are £272.6M and £218.0M respectively. Renold's EBIT is £27.1M making its interest coverage ratio 5.2. It has cash and short-term investments of £20.7M.

Key information

115.2%

Debt to equity ratio

UK£62.90m

Debt

Interest coverage ratio5.2x
CashUK£20.70m
EquityUK£54.60m
Total liabilitiesUK£218.00m
Total assetsUK£272.60m

Recent financial health updates

Recent updates

An Intrinsic Calculation For Renold plc (LON:RNO) Suggests It's 39% Undervalued

Jul 19
An Intrinsic Calculation For Renold plc (LON:RNO) Suggests It's 39% Undervalued

Investors Will Want Renold's (LON:RNO) Growth In ROCE To Persist

Jun 21
Investors Will Want Renold's (LON:RNO) Growth In ROCE To Persist

Renold plc (LON:RNO) Surges 29% Yet Its Low P/E Is No Reason For Excitement

Apr 24
Renold plc (LON:RNO) Surges 29% Yet Its Low P/E Is No Reason For Excitement

What Is Renold plc's (LON:RNO) Share Price Doing?

Apr 16
What Is Renold plc's (LON:RNO) Share Price Doing?

Does Renold (LON:RNO) Have A Healthy Balance Sheet?

Mar 08
Does Renold (LON:RNO) Have A Healthy Balance Sheet?

Returns At Renold (LON:RNO) Are On The Way Up

Nov 18
Returns At Renold (LON:RNO) Are On The Way Up

Should You Think About Buying Renold plc (LON:RNO) Now?

Apr 18
Should You Think About Buying Renold plc (LON:RNO) Now?

Renold (LON:RNO) Is Experiencing Growth In Returns On Capital

Feb 09
Renold (LON:RNO) Is Experiencing Growth In Returns On Capital

An Intrinsic Calculation For Renold plc (LON:RNO) Suggests It's 21% Undervalued

Jan 16
An Intrinsic Calculation For Renold plc (LON:RNO) Suggests It's 21% Undervalued

These 4 Measures Indicate That Renold (LON:RNO) Is Using Debt Reasonably Well

Jul 16
These 4 Measures Indicate That Renold (LON:RNO) Is Using Debt Reasonably Well

Is Renold plc (LON:RNO) Potentially Undervalued?

May 10
Is Renold plc (LON:RNO) Potentially Undervalued?

Renold (LON:RNO) May Have Issues Allocating Its Capital

Apr 15
Renold (LON:RNO) May Have Issues Allocating Its Capital

Is Renold (LON:RNO) A Risky Investment?

Mar 17
Is Renold (LON:RNO) A Risky Investment?

Renold's (LON:RNO) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Nov 10
Renold's (LON:RNO) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Renold plc's (LON:RNO) CEO Will Probably Find It Hard To See A Huge Raise This Year

Aug 17
Renold plc's (LON:RNO) CEO Will Probably Find It Hard To See A Huge Raise This Year

With EPS Growth And More, Renold (LON:RNO) Is Interesting

Jul 21
With EPS Growth And More, Renold (LON:RNO) Is Interesting

Is It Time To Consider Buying Renold plc (LON:RNO)?

May 07
Is It Time To Consider Buying Renold plc (LON:RNO)?

The Renold (LON:RNO) Share Price Is Up 67% And Shareholders Are Holding On

Mar 01
The Renold (LON:RNO) Share Price Is Up 67% And Shareholders Are Holding On

Is Renold (LON:RNO) Likely To Turn Things Around?

Feb 08
Is Renold (LON:RNO) Likely To Turn Things Around?

At UK£0.14, Is It Time To Put Renold plc (LON:RNO) On Your Watch List?

Jan 22
At UK£0.14, Is It Time To Put Renold plc (LON:RNO) On Your Watch List?

A Quick Analysis On Renold's (LON:RNO) CEO Salary

Jan 04
A Quick Analysis On Renold's (LON:RNO) CEO Salary

Here's Why We Think Renold's (LON:RNO) Statutory Earnings Might Be Conservative

Dec 16
Here's Why We Think Renold's (LON:RNO) Statutory Earnings Might Be Conservative

Estimating The Fair Value Of Renold plc (LON:RNO)

Nov 27
Estimating The Fair Value Of Renold plc (LON:RNO)

Financial Position Analysis

Short Term Liabilities: RNO's short term assets (£132.8M) exceed its short term liabilities (£76.6M).

Long Term Liabilities: RNO's short term assets (£132.8M) do not cover its long term liabilities (£141.4M).


Debt to Equity History and Analysis

Debt Level: RNO's net debt to equity ratio (77.3%) is considered high.

Reducing Debt: RNO had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: RNO's debt is well covered by operating cash flow (56.1%).

Interest Coverage: RNO's interest payments on its debt are well covered by EBIT (5.2x coverage).


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 05:20
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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Analyst Sources

Renold plc is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael O'BrienCanaccord Genuity
Adam ForsythCantor Fitzgerald Europe
David BuxtonCavendish