RS2 Balance Sheet Health
Financial Health criteria checks 4/6
RS2 has a total shareholder equity of €22.3M and total debt of €5.2M, which brings its debt-to-equity ratio to 23.1%. Its total assets and total liabilities are €46.8M and €24.4M respectively. RS2's EBIT is €3.3M making its interest coverage ratio 9.6. It has cash and short-term investments of €2.7M.
Key information
23.1%
Debt to equity ratio
€5.16m
Debt
Interest coverage ratio | 9.6x |
Cash | €2.71m |
Equity | €22.34m |
Total liabilities | €24.42m |
Total assets | €46.75m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: RS2P's short term assets (€13.3M) do not cover its short term liabilities (€14.8M).
Long Term Liabilities: RS2P's short term assets (€13.3M) exceed its long term liabilities (€9.7M).
Debt to Equity History and Analysis
Debt Level: RS2P's net debt to equity ratio (11%) is considered satisfactory.
Reducing Debt: RS2P's debt to equity ratio has increased from 2.5% to 23.1% over the past 5 years.
Debt Coverage: RS2P's debt is well covered by operating cash flow (157.5%).
Interest Coverage: RS2P's interest payments on its debt are well covered by EBIT (9.6x coverage).