Redcentric Balance Sheet Health
Financial Health criteria checks 2/6
Redcentric has a total shareholder equity of £58.4M and total debt of £38.7M, which brings its debt-to-equity ratio to 66.3%. Its total assets and total liabilities are £187.6M and £129.2M respectively. Redcentric's EBIT is £1.9M making its interest coverage ratio 0.4. It has cash and short-term investments of £2.1M.
Key information
66.3%
Debt to equity ratio
UK£38.72m
Debt
Interest coverage ratio | 0.4x |
Cash | UK£2.10m |
Equity | UK£58.43m |
Total liabilities | UK£129.21m |
Total assets | UK£187.64m |
Recent financial health updates
No updates
Recent updates
Some Confidence Is Lacking In Redcentric plc's (LON:RCN) P/E
Sep 21Redcentric plc's (LON:RCN) CEO Compensation Is Looking A Bit Stretched At The Moment
Sep 03Redcentric's (LON:RCN) Earnings Are Of Questionable Quality
Aug 16Estimating The Fair Value Of Redcentric plc (LON:RCN)
Jun 11What Kind Of Investors Own Most Of Redcentric plc (LON:RCN)?
Feb 22An Intrinsic Calculation For Redcentric plc (LON:RCN) Suggests It's 26% Undervalued
Jan 18Have Insiders Been Selling Redcentric plc (LON:RCN) Shares This Year?
Dec 14Financial Position Analysis
Short Term Liabilities: RCN's short term assets (£45.0M) do not cover its short term liabilities (£52.0M).
Long Term Liabilities: RCN's short term assets (£45.0M) do not cover its long term liabilities (£77.2M).
Debt to Equity History and Analysis
Debt Level: RCN's net debt to equity ratio (62.7%) is considered high.
Reducing Debt: RCN's debt to equity ratio has increased from 31.5% to 66.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable RCN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RCN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 1.4% per year.