Renishaw Balance Sheet Health
Financial Health criteria checks 6/6
Renishaw has a total shareholder equity of £902.8M and total debt of £3.5M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are £1.1B and £148.6M respectively. Renishaw's EBIT is £112.0M making its interest coverage ratio -9.8. It has cash and short-term investments of £217.8M.
Key information
0.4%
Debt to equity ratio
UK£3.52m
Debt
| Interest coverage ratio | -9.8x |
| Cash | UK£217.84m |
| Equity | UK£902.82m |
| Total liabilities | UK£148.56m |
| Total assets | UK£1.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RSWL's short term assets (£586.6M) exceed its short term liabilities (£100.9M).
Long Term Liabilities: RSWL's short term assets (£586.6M) exceed its long term liabilities (£47.6M).
Debt to Equity History and Analysis
Debt Level: RSWL has more cash than its total debt.
Reducing Debt: RSWL's debt to equity ratio has reduced from 1.8% to 0.4% over the past 5 years.
Debt Coverage: RSWL's debt is well covered by operating cash flow (3523%).
Interest Coverage: RSWL earns more interest than it pays, so coverage of interest payments is not a concern.