T. Rowe Price Group Balance Sheet Health
Financial Health criteria checks 5/6
T. Rowe Price Group has a total shareholder equity of $10.2B and total debt of $96.1M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are $12.6B and $2.4B respectively. T. Rowe Price Group's EBIT is $2.0B making its interest coverage ratio -7.8. It has cash and short-term investments of $2.6B.
Key information
0.9%
Debt to equity ratio
US$96.10m
Debt
Interest coverage ratio | -7.8x |
Cash | US$2.58b |
Equity | US$10.18b |
Total liabilities | US$2.38b |
Total assets | US$12.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TROW *'s short term assets ($3.3B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: TROW *'s short term assets ($3.3B) exceed its long term liabilities ($442.8M).
Debt to Equity History and Analysis
Debt Level: TROW * has more cash than its total debt.
Reducing Debt: TROW *'s debt to equity ratio has increased from 0% to 0.9% over the past 5 years.
Debt Coverage: TROW *'s debt is well covered by operating cash flow (1291.7%).
Interest Coverage: TROW * earns more interest than it pays, so coverage of interest payments is not a concern.