Reach Balance Sheet Health
Financial Health criteria checks 4/6
Reach has a total shareholder equity of £637.2M and total debt of £30.0M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are £1.2B and £582.1M respectively. Reach's EBIT is £82.5M making its interest coverage ratio 23.6. It has cash and short-term investments of £19.9M.
Key information
4.7%
Debt to equity ratio
UK£30.00m
Debt
| Interest coverage ratio | 23.6x |
| Cash | UK£19.90m |
| Equity | UK£637.20m |
| Total liabilities | UK£582.10m |
| Total assets | UK£1.22b |
Recent financial health updates
No updates
Recent updates
Reach's (LON:RCH) Dividend Will Be £0.0446
Apr 30
Shareholders Will Probably Not Have Any Issues With Reach plc's (LON:RCH) CEO Compensation
Apr 26Reach (LON:RCH) Is Paying Out A Dividend Of £0.0446
Mar 29Investors Can Find Comfort In Reach's (LON:RCH) Earnings Quality
Mar 26Reach (LON:RCH) Is Paying Out A Dividend Of £0.0446
Mar 14Earnings Miss: Reach plc Missed EPS By 51% And Analysts Are Revising Their Forecasts
Mar 08What Does Reach plc's (LON:RCH) Share Price Indicate?
Dec 21Reach plc (LON:RCH) Shares Could Be 31% Below Their Intrinsic Value Estimate
Oct 19Reach (LON:RCH) Has Affirmed Its Dividend Of £0.0288
Jul 28Should You Think About Buying Reach plc (LON:RCH) Now?
Jul 26Know This Before Buying Reach plc (LON:RCH) For Its Dividend
Mar 15Is Reach plc (LON:RCH) Trading At A 47% Discount?
Feb 08Reach plc (LON:RCH) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
Jan 18
Reach (LON:RCH) Has Gifted Shareholders With A Fantastic 123% Total Return On Their Investment
Dec 21Does Reach's (LON:RCH) Statutory Profit Adequately Reflect Its Underlying Profit?
Nov 24Financial Position Analysis
Short Term Liabilities: RCH's short term assets (£135.5M) do not cover its short term liabilities (£157.0M).
Long Term Liabilities: RCH's short term assets (£135.5M) do not cover its long term liabilities (£425.1M).
Debt to Equity History and Analysis
Debt Level: RCH's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: RCH's debt to equity ratio has reduced from 10.7% to 4.7% over the past 5 years.
Debt Coverage: RCH's debt is well covered by operating cash flow (53%).
Interest Coverage: RCH's interest payments on its debt are well covered by EBIT (23.6x coverage).