Renold Balance Sheet Health
Financial Health criteria checks 5/6
Renold has a total shareholder equity of £51.8M and total debt of £47.8M, which brings its debt-to-equity ratio to 92.3%. Its total assets and total liabilities are £248.4M and £196.6M respectively. Renold's EBIT is £27.4M making its interest coverage ratio 6.4. It has cash and short-term investments of £19.5M.
Key information
92.3%
Debt to equity ratio
UK£47.80m
Debt
| Interest coverage ratio | 6.4x |
| Cash | UK£19.50m |
| Equity | UK£51.80m |
| Total liabilities | UK£196.60m |
| Total assets | UK£248.40m |
Recent financial health updates
Does Renold (LON:RNO) Have A Healthy Balance Sheet?
Mar 08
These 4 Measures Indicate That Renold (LON:RNO) Is Using Debt Reasonably Well
Jul 16Is Renold (LON:RNO) A Risky Investment?
Mar 17Recent updates
What Is Renold plc's (LON:RNO) Share Price Doing?
Apr 16Does Renold (LON:RNO) Have A Healthy Balance Sheet?
Mar 08Returns At Renold (LON:RNO) Are On The Way Up
Nov 18Should You Think About Buying Renold plc (LON:RNO) Now?
Apr 18Renold (LON:RNO) Is Experiencing Growth In Returns On Capital
Feb 09An Intrinsic Calculation For Renold plc (LON:RNO) Suggests It's 21% Undervalued
Jan 16These 4 Measures Indicate That Renold (LON:RNO) Is Using Debt Reasonably Well
Jul 16Is Renold plc (LON:RNO) Potentially Undervalued?
May 10Renold (LON:RNO) May Have Issues Allocating Its Capital
Apr 15Is Renold (LON:RNO) A Risky Investment?
Mar 17Renold's (LON:RNO) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Nov 10Renold plc's (LON:RNO) CEO Will Probably Find It Hard To See A Huge Raise This Year
Aug 17With EPS Growth And More, Renold (LON:RNO) Is Interesting
Jul 21Is It Time To Consider Buying Renold plc (LON:RNO)?
May 07The Renold (LON:RNO) Share Price Is Up 67% And Shareholders Are Holding On
Mar 01Is Renold (LON:RNO) Likely To Turn Things Around?
Feb 08At UK£0.14, Is It Time To Put Renold plc (LON:RNO) On Your Watch List?
Jan 22A Quick Analysis On Renold's (LON:RNO) CEO Salary
Jan 04Here's Why We Think Renold's (LON:RNO) Statutory Earnings Might Be Conservative
Dec 16Estimating The Fair Value Of Renold plc (LON:RNO)
Nov 27Financial Position Analysis
Short Term Liabilities: RNO's short term assets (£126.6M) exceed its short term liabilities (£72.3M).
Long Term Liabilities: RNO's short term assets (£126.6M) exceed its long term liabilities (£124.3M).
Debt to Equity History and Analysis
Debt Level: RNO's net debt to equity ratio (54.6%) is considered high.
Reducing Debt: RNO's debt to equity ratio has reduced from 614.1% to 92.3% over the past 5 years.
Debt Coverage: RNO's debt is well covered by operating cash flow (54.4%).
Interest Coverage: RNO's interest payments on its debt are well covered by EBIT (6.4x coverage).