Racing Force Balance Sheet Health
Financial Health criteria checks 4/6
Racing Force has a total shareholder equity of €48.5M and total debt of €9.8M, which brings its debt-to-equity ratio to 20.3%. Its total assets and total liabilities are €78.1M and €29.6M respectively. Racing Force's EBIT is €6.3M making its interest coverage ratio 34.2. It has cash and short-term investments of €6.1M.
Key information
20.3%
Debt to equity ratio
€9.84m
Debt
Interest coverage ratio | 34.2x |
Cash | €6.11m |
Equity | €48.48m |
Total liabilities | €29.61m |
Total assets | €78.10m |
Recent financial health updates
No updates
Recent updates
Racing Force's (BIT:RFG) Weak Earnings May Only Reveal A Part Of The Whole Picture
Apr 26The Returns On Capital At Racing Force (BIT:RFG) Don't Inspire Confidence
Mar 15We Think That There Are Issues Underlying Racing Force's (BIT:RFG) Earnings
Apr 26Racing Force S.P.A. (BIT:RFG) Annual Results: Here's What Analysts Are Forecasting For This Year
Apr 23Financial Position Analysis
Short Term Liabilities: RFG's short term assets (€47.3M) exceed its short term liabilities (€19.0M).
Long Term Liabilities: RFG's short term assets (€47.3M) exceed its long term liabilities (€10.7M).
Debt to Equity History and Analysis
Debt Level: RFG's net debt to equity ratio (7.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if RFG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RFG's debt is not well covered by operating cash flow (10%).
Interest Coverage: RFG's interest payments on its debt are well covered by EBIT (34.2x coverage).