Reach Balance Sheet Health
Financial Health criteria checks 4/6
Reach has a total shareholder equity of £670.9M and total debt of £25.0M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are £1.2B and £529.8M respectively. Reach's EBIT is £97.6M making its interest coverage ratio 22.2. It has cash and short-term investments of £12.7M.
Key information
3.7%
Debt to equity ratio
UK£25.00m
Debt
| Interest coverage ratio | 22.2x |
| Cash | UK£12.70m |
| Equity | UK£670.90m |
| Total liabilities | UK£529.80m |
| Total assets | UK£1.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RCHL's short term assets (£112.6M) do not cover its short term liabilities (£149.1M).
Long Term Liabilities: RCHL's short term assets (£112.6M) do not cover its long term liabilities (£380.7M).
Debt to Equity History and Analysis
Debt Level: RCHL's net debt to equity ratio (1.8%) is considered satisfactory.
Reducing Debt: RCHL's debt to equity ratio has reduced from 6.9% to 3.7% over the past 5 years.
Debt Coverage: RCHL's debt is well covered by operating cash flow (96.8%).
Interest Coverage: RCHL's interest payments on its debt are well covered by EBIT (22.2x coverage).