Ricardo Balance Sheet Health
Financial Health criteria checks 3/6
Ricardo has a total shareholder equity of £169.3M and total debt of £109.9M, which brings its debt-to-equity ratio to 64.9%. Its total assets and total liabilities are £429.1M and £259.8M respectively. Ricardo's EBIT is £10.3M making its interest coverage ratio 1.3. It has cash and short-term investments of £46.7M.
Key information
64.9%
Debt to equity ratio
UK£109.90m
Debt
| Interest coverage ratio | 1.3x |
| Cash | UK£46.70m |
| Equity | UK£169.30m |
| Total liabilities | UK£259.80m |
| Total assets | UK£429.10m |
Recent financial health updates
No updates
Recent updates
With Ricardo plc (LON:RCDO) It Looks Like You'll Get What You Pay For
Jan 18
Ricardo's (LON:RCDO) Dividend Will Be Increased To £0.0861
Oct 15Ricardo (LON:RCDO) Has Announced That It Will Be Increasing Its Dividend To £0.0861
Sep 30Ricardo's (LON:RCDO) Shareholders Will Receive A Bigger Dividend Than Last Year
Sep 16Ricardo's (LON:RCDO) Dividend Will Be Increased To £0.0335
Mar 04Ricardo (LON:RCDO) Is Increasing Its Dividend To £0.0749
Oct 15Ricardo (LON:RCDO) Is Increasing Its Dividend To £0.0749
Sep 17Is Ricardo plc (LON:RCDO) Trading At A 37% Discount?
Mar 03An Intrinsic Calculation For Ricardo plc (LON:RCDO) Suggests It's 32% Undervalued
Jun 02At UK£4.34, Is Ricardo plc (LON:RCDO) Worth Looking At Closely?
Apr 05Are Investors Undervaluing Ricardo plc (LON:RCDO) By 27%?
Mar 01Could The Ricardo plc (LON:RCDO) Ownership Structure Tell Us Something Useful?
Feb 02
Would Shareholders Who Purchased Ricardo's (LON:RCDO) Stock Three Years Be Happy With The Share price Today?
Jan 05Is It Time To Consider Buying Ricardo plc (LON:RCDO)?
Dec 15Calculating The Intrinsic Value Of Ricardo plc (LON:RCDO)
Nov 24Financial Position Analysis
Short Term Liabilities: RCDO's short term assets (£223.6M) exceed its short term liabilities (£116.2M).
Long Term Liabilities: RCDO's short term assets (£223.6M) exceed its long term liabilities (£143.6M).
Debt to Equity History and Analysis
Debt Level: RCDO's net debt to equity ratio (37.3%) is considered satisfactory.
Reducing Debt: RCDO's debt to equity ratio has increased from 39.6% to 64.9% over the past 5 years.
Debt Coverage: RCDO's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: RCDO's interest payments on its debt are not well covered by EBIT (1.3x coverage).