Rathbones Group Balance Sheet Health
Financial Health criteria checks 4/6
Rathbones Group has a total shareholder equity of £1.4B and total debt of £52.3M, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are £4.2B and £2.9B respectively. Rathbones Group's EBIT is £179.0M making its interest coverage ratio 2.3. It has cash and short-term investments of £1.2M.
Key information
3.9%
Debt to equity ratio
UK£52.30m
Debt
Interest coverage ratio | 2.3x |
Cash | UK£1.20m |
Equity | UK£1.35b |
Total liabilities | UK£2.87b |
Total assets | UK£4.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RATL's short term assets (£3.1B) exceed its short term liabilities (£2.6B).
Long Term Liabilities: RATL's short term assets (£3.1B) exceed its long term liabilities (£225.1M).
Debt to Equity History and Analysis
Debt Level: RATL's net debt to equity ratio (3.8%) is considered satisfactory.
Reducing Debt: RATL's debt to equity ratio has reduced from 4.4% to 3.9% over the past 5 years.
Debt Coverage: RATL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RATL's interest payments on its debt are not well covered by EBIT (2.3x coverage).