Recticel Balance Sheet Health
Financial Health criteria checks 6/6
Recticel has a total shareholder equity of €438.0M and total debt of €29.5M, which brings its debt-to-equity ratio to 6.7%. Its total assets and total liabilities are €660.0M and €222.0M respectively. Recticel's EBIT is €12.9M making its interest coverage ratio 3.3. It has cash and short-term investments of €191.4M.
Key information
6.7%
Debt to equity ratio
€29.50m
Debt
Interest coverage ratio | 3.3x |
Cash | €191.39m |
Equity | €437.99m |
Total liabilities | €221.97m |
Total assets | €659.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RECTB's short term assets (€339.9M) exceed its short term liabilities (€131.3M).
Long Term Liabilities: RECTB's short term assets (€339.9M) exceed its long term liabilities (€90.7M).
Debt to Equity History and Analysis
Debt Level: RECTB has more cash than its total debt.
Reducing Debt: RECTB's debt to equity ratio has reduced from 40.2% to 6.7% over the past 5 years.
Debt Coverage: RECTB's debt is well covered by operating cash flow (159%).
Interest Coverage: RECTB's interest payments on its debt are well covered by EBIT (3.3x coverage).