Rentokil Initial Balance Sheet Health
Financial Health criteria checks 3/6
Rentokil Initial has a total shareholder equity of £4.2B and total debt of £4.4B, which brings its debt-to-equity ratio to 105.8%. Its total assets and total liabilities are £11.2B and £7.1B respectively. Rentokil Initial's EBIT is £731.0M making its interest coverage ratio 4.8. It has cash and short-term investments of £1.6B.
Key information
105.8%
Debt to equity ratio
UK£4.41b
Debt
| Interest coverage ratio | 4.8x |
| Cash | UK£1.56b |
| Equity | UK£4.16b |
| Total liabilities | UK£7.07b |
| Total assets | UK£11.23b |
Recent financial health updates
Does Rentokil Initial (LON:RTO) Have A Healthy Balance Sheet?
Nov 07
We Think Rentokil Initial (LON:RTO) Can Stay On Top Of Its Debt
May 29Recent updates
Does Rentokil Initial (LON:RTO) Have A Healthy Balance Sheet?
Nov 07Is There An Opportunity With Rentokil Initial plc's (LON:RTO) 42% Undervaluation?
Oct 17Earnings Tell The Story For Rentokil Initial plc (LON:RTO)
Sep 15Rentokil Initial (LON:RTO) Has Announced A Dividend Of £0.0316
Jul 28Rentokil Initial plc's (LON:RTO) Intrinsic Value Is Potentially 29% Above Its Share Price
Jun 16We Think Rentokil Initial (LON:RTO) Can Stay On Top Of Its Debt
May 29Investors Still Waiting For A Pull Back In Rentokil Initial plc (LON:RTO)
Apr 19Rentokil Initial's (LON:RTO) Solid Earnings Are Supported By Other Strong Factors
Mar 14Rentokil Initial (LON:RTO) Is Paying Out A Larger Dividend Than Last Year
Mar 10Are Investors Undervaluing Rentokil Initial plc (LON:RTO) By 32%?
Mar 07Financial Position Analysis
Short Term Liabilities: RTO's short term assets (£2.7B) exceed its short term liabilities (£2.6B).
Long Term Liabilities: RTO's short term assets (£2.7B) do not cover its long term liabilities (£4.4B).
Debt to Equity History and Analysis
Debt Level: RTO's net debt to equity ratio (68.4%) is considered high.
Reducing Debt: RTO's debt to equity ratio has reduced from 192.7% to 105.8% over the past 5 years.
Debt Coverage: RTO's debt is not well covered by operating cash flow (16.2%).
Interest Coverage: RTO's interest payments on its debt are well covered by EBIT (4.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 02:00 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Rentokil Initial plc is covered by 39 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Vibha Issar | AlphaValue |
| Paul Daniel Sullivan | Barclays |
| James Rosenthal | Barclays |