Rakon Balance Sheet Health
Financial Health criteria checks 6/6
Rakon has a total shareholder equity of NZ$154.2M and total debt of NZ$4.5M, which brings its debt-to-equity ratio to 2.9%. Its total assets and total liabilities are NZ$197.5M and NZ$43.3M respectively. Rakon's EBIT is NZ$12.3M making its interest coverage ratio 340.4. It has cash and short-term investments of NZ$17.9M.
Key information
2.9%
Debt to equity ratio
NZ$4.49m
Debt
| Interest coverage ratio | 340.4x |
| Cash | NZ$17.88m |
| Equity | NZ$154.22m |
| Total liabilities | NZ$43.30m |
| Total assets | NZ$197.52m |
Recent financial health updates
Does Rakon (NZSE:RAK) Have A Healthy Balance Sheet?
Dec 12
Rakon (NZSE:RAK) Could Easily Take On More Debt
Jul 08Is Rakon (NZSE:RAK) A Risky Investment?
Mar 05Here's Why Rakon (NZSE:RAK) Can Manage Its Debt Responsibly
Nov 26
Recent updates
Returns On Capital Are Showing Encouraging Signs At Rakon (NZSE:RAK)
Jan 26Does Rakon (NZSE:RAK) Have A Healthy Balance Sheet?
Dec 12Why Rakon Limited (NZSE:RAK) Could Be Worth Watching
Jul 21With EPS Growth And More, Rakon (NZSE:RAK) Makes An Interesting Case
Apr 26Should You Think About Buying Rakon Limited (NZSE:RAK) Now?
Mar 06Should You Be Adding Rakon (NZSE:RAK) To Your Watchlist Today?
Aug 17Rakon (NZSE:RAK) Could Easily Take On More Debt
Jul 08Should You Be Adding Rakon (NZSE:RAK) To Your Watchlist Today?
May 06Is Rakon (NZSE:RAK) A Risky Investment?
Mar 05Is Rakon Limited's (NZSE:RAK) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Feb 15Do Rakon's (NZSE:RAK) Earnings Warrant Your Attention?
Jan 31Is Rakon Limited (NZSE:RAK) Popular Amongst Insiders?
Jan 16The Rakon (NZSE:RAK) Share Price Has Gained 137%, So Why Not Pay It Some Attention?
Jan 01We're Not Counting On Rakon (NZSE:RAK) To Sustain Its Statutory Profitability
Dec 14Here's Why Rakon (NZSE:RAK) Can Manage Its Debt Responsibly
Nov 26Financial Position Analysis
Short Term Liabilities: RAK's short term assets (NZ$124.4M) exceed its short term liabilities (NZ$32.9M).
Long Term Liabilities: RAK's short term assets (NZ$124.4M) exceed its long term liabilities (NZ$10.4M).
Debt to Equity History and Analysis
Debt Level: RAK has more cash than its total debt.
Reducing Debt: RAK's debt to equity ratio has reduced from 6.8% to 2.9% over the past 5 years.
Debt Coverage: RAK's debt is well covered by operating cash flow (410.3%).
Interest Coverage: RAK's interest payments on its debt are well covered by EBIT (340.4x coverage).