Residential Secure Income Balance Sheet Health
Financial Health criteria checks 1/6
Residential Secure Income has a total shareholder equity of £154.4M and total debt of £187.9M, which brings its debt-to-equity ratio to 121.7%. Its total assets and total liabilities are £379.4M and £224.9M respectively. Residential Secure Income's EBIT is £15.9M making its interest coverage ratio 2.3. It has cash and short-term investments of £8.9M.
Key information
121.7%
Debt to equity ratio
UK£187.94m
Debt
| Interest coverage ratio | 2.3x |
| Cash | UK£8.86m |
| Equity | UK£154.45m |
| Total liabilities | UK£224.95m |
| Total assets | UK£379.39m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RESIL's short term assets (£33.1M) exceed its short term liabilities (£31.5M).
Long Term Liabilities: RESIL's short term assets (£33.1M) do not cover its long term liabilities (£193.4M).
Debt to Equity History and Analysis
Debt Level: RESIL's net debt to equity ratio (115.9%) is considered high.
Reducing Debt: RESIL's debt to equity ratio has increased from 43.2% to 121.7% over the past 5 years.
Debt Coverage: RESIL's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: RESIL's interest payments on its debt are not well covered by EBIT (2.3x coverage).