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 ratio0.4x
CashUK£2.10m
EquityUK£58.43m
Total liabilitiesUK£129.21m
Total assetsUK£187.64m

Recent financial health updates

No updates

Recent updates

Some Confidence Is Lacking In Redcentric plc's (LON:RCN) P/E

Sep 21
Some Confidence Is Lacking In Redcentric plc's (LON:RCN) P/E

Redcentric plc's (LON:RCN) CEO Compensation Is Looking A Bit Stretched At The Moment

Sep 03
Redcentric plc's (LON:RCN) CEO Compensation Is Looking A Bit Stretched At The Moment

Redcentric's (LON:RCN) Earnings Are Of Questionable Quality

Aug 16
Redcentric's (LON:RCN) Earnings Are Of Questionable Quality

Estimating The Fair Value Of Redcentric plc (LON:RCN)

Jun 11
Estimating The Fair Value Of Redcentric plc (LON:RCN)

What Kind Of Investors Own Most Of Redcentric plc (LON:RCN)?

Feb 22
What Kind Of Investors Own Most Of Redcentric plc (LON:RCN)?

An Intrinsic Calculation For Redcentric plc (LON:RCN) Suggests It's 26% Undervalued

Jan 18
An Intrinsic Calculation For Redcentric plc (LON:RCN) Suggests It's 26% Undervalued

Have Insiders Been Selling Redcentric plc (LON:RCN) Shares This Year?

Dec 14
Have Insiders Been Selling Redcentric plc (LON:RCN) Shares This Year?

Financial 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.


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