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
Rank Group (LON:RNK) Seems To Use Debt Quite Sensibly
May 27
We Think Rank Group (LON:RNK) Is Taking Some Risk With Its Debt
Nov 17Here's Why Rank Group (LON:RNK) Has A Meaningful Debt Burden
Apr 05We Think Rank Group (LON:RNK) Can Stay On Top Of Its Debt
Nov 18Rank Group (LON:RNK) Has Debt But No Earnings; Should You Worry?
Mar 08We Think Rank Group (LON:RNK) Has A Fair Chunk Of Debt
Jun 02Recent updates
Rank Group's (LON:RNK) Performance Is Even Better Than Its Earnings Suggest
Aug 23Rank Group (LON:RNK) Seems To Use Debt Quite Sensibly
May 27The Rank Group Plc's (LON:RNK) Price Is Right But Growth Is Lacking
Apr 30Rank Group's (LON:RNK) Earnings May Just Be The Starting Point
Feb 08The Rank Group Plc (LON:RNK) Shares Could Be 33% Below Their Intrinsic Value Estimate
Dec 15We Think Rank Group (LON:RNK) Is Taking Some Risk With Its Debt
Nov 17Is There An Opportunity With The Rank Group Plc's (LON:RNK) 48% Undervaluation?
May 01Here's Why Rank Group (LON:RNK) Has A Meaningful Debt Burden
Apr 05We Think Rank Group (LON:RNK) Can Stay On Top Of Its Debt
Nov 18Rank Group (LON:RNK) Has Debt But No Earnings; Should You Worry?
Mar 08Is The Rank Group Plc (LON:RNK) Trading At A 39% Discount?
Feb 01It Looks Like The Rank Group Plc's (LON:RNK) CEO May Expect Their Salary To Be Put Under The Microscope
Oct 08We Think Rank Group (LON:RNK) Has A Fair Chunk Of Debt
Jun 02A Look At The Intrinsic Value Of The Rank Group Plc (LON:RNK)
Mar 10We Think Rank Group (LON:RNK) Has A Fair Chunk Of Debt
Feb 12If You Had Bought Rank Group's (LON:RNK) Shares Five Years Ago You Would Be Down 53%
Jan 25Are Rank Group's (LON:RNK) Statutory Earnings A Good Guide To Its Underlying Profitability?
Jan 12
Trade Alert: The Non-Executive Director Of The Rank Group Plc (LON:RNK), Hong Cheong Tang, Has Just Spent UK£63k Buying 54% More Shares
Nov 25Here's Why Rank Group's (LON:RNK) Statutory Earnings Are Arguably Too Conservative
Aug 12Is The Rank Group Plc (LON:RNK) A Smart Pick For Income Investors?
Jul 21Financial Position Analysis
Short Term Liabilities: RNK's short term assets (£96.0M) do not cover its short term liabilities (£204.2M).
Long Term Liabilities: RNK's short term assets (£96.0M) do not cover its long term liabilities (£189.3M).
Debt to Equity History and Analysis
Debt Level: RNK has more cash than its total debt.
Reducing Debt: RNK's debt to equity ratio has reduced from 13.3% to 12.9% over the past 5 years.
Debt Coverage: RNK's debt is well covered by operating cash flow (257.9%).
Interest Coverage: RNK's interest payments on its debt are not well covered by EBIT (2.9x coverage).