Rank Group Balance Sheet Health
Financial Health criteria checks 3/6
Rank Group has a total shareholder equity of £339.0M and total debt of £43.9M, which brings its debt-to-equity ratio to 12.9%. Its total assets and total liabilities are £732.5M and £393.5M respectively. Rank Group's EBIT is £39.7M making its interest coverage ratio 2.9. It has cash and short-term investments of £56.4M.
Key information
12.9%
Debt to equity ratio
UK£43.90m
Debt
| Interest coverage ratio | 2.9x |
| Cash | UK£56.40m |
| Equity | UK£339.00m |
| Total liabilities | UK£393.50m |
| Total assets | UK£732.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RNKL's short term assets (£96.0M) do not cover its short term liabilities (£204.2M).
Long Term Liabilities: RNKL's short term assets (£96.0M) do not cover its long term liabilities (£189.3M).
Debt to Equity History and Analysis
Debt Level: RNKL has more cash than its total debt.
Reducing Debt: RNKL's debt to equity ratio has reduced from 13.3% to 12.9% over the past 5 years.
Debt Coverage: RNKL's debt is well covered by operating cash flow (257.9%).
Interest Coverage: RNKL's interest payments on its debt are not well covered by EBIT (2.9x coverage).