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
A Piece Of The Puzzle Missing From Reach plc's (LON:RCH) 25% Share Price Climb
Jun 27
An Intrinsic Calculation For Reach plc (LON:RCH) Suggests It's 20% Undervalued
Jun 06Reach's (LON:RCH) Dividend Will Be £0.0446
Apr 30Shareholders 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 (£112.6M) do not cover its short term liabilities (£149.1M).
Long Term Liabilities: RCH's short term assets (£112.6M) do not cover its long term liabilities (£380.7M).
Debt to Equity History and Analysis
Debt Level: RCH's net debt to equity ratio (1.8%) is considered satisfactory.
Reducing Debt: RCH's debt to equity ratio has reduced from 6.9% to 3.7% over the past 5 years.
Debt Coverage: RCH's debt is well covered by operating cash flow (96.8%).
Interest Coverage: RCH's interest payments on its debt are well covered by EBIT (22.2x coverage).