Rank Progress Balance Sheet Health
Financial Health criteria checks 2/6
Rank Progress has a total shareholder equity of PLN480.3M and total debt of PLN288.7M, which brings its debt-to-equity ratio to 60.1%. Its total assets and total liabilities are PLN902.5M and PLN422.2M respectively. Rank Progress's EBIT is PLN17.5M making its interest coverage ratio 2.4. It has cash and short-term investments of PLN24.4M.
Key information
60.1%
Debt to equity ratio
zł288.68m
Debt
| Interest coverage ratio | 2.4x |
| Cash | zł24.43m |
| Equity | zł480.28m |
| Total liabilities | zł422.21m |
| Total assets | zł902.49m |
Recent financial health updates
Rank Progress (WSE:RNK) Seems To Be Using A Lot Of Debt
Jan 03
Rank Progress (WSE:RNK) Use Of Debt Could Be Considered Risky
Aug 27Rank Progress (WSE:RNK) Has A Somewhat Strained Balance Sheet
Jan 25These 4 Measures Indicate That Rank Progress (WSE:RNK) Is Using Debt Extensively
Sep 10Rank Progress (WSE:RNK) Seems To Use Debt Quite Sensibly
May 13Is Rank Progress (WSE:RNK) Using Too Much Debt?
Dec 25Recent updates
Market Might Still Lack Some Conviction On Rank Progress S.A. (WSE:RNK) Even After 34% Share Price Boost
Mar 29Rank Progress S.A.'s (WSE:RNK) Subdued P/E Might Signal An Opportunity
Feb 13Rank Progress (WSE:RNK) Seems To Be Using A Lot Of Debt
Jan 03Calculating The Fair Value Of Rank Progress S.A. (WSE:RNK)
Nov 02Rank Progress (WSE:RNK) Use Of Debt Could Be Considered Risky
Aug 27Rank Progress (WSE:RNK) Has A Somewhat Strained Balance Sheet
Jan 25These 4 Measures Indicate That Rank Progress (WSE:RNK) Is Using Debt Extensively
Sep 10Rank Progress (WSE:RNK) Seems To Use Debt Quite Sensibly
May 13Is Rank Progress (WSE:RNK) Using Too Much Debt?
Dec 25Financial Position Analysis
Short Term Liabilities: RNK's short term assets (PLN222.5M) exceed its short term liabilities (PLN145.2M).
Long Term Liabilities: RNK's short term assets (PLN222.5M) do not cover its long term liabilities (PLN277.0M).
Debt to Equity History and Analysis
Debt Level: RNK's net debt to equity ratio (55%) is considered high.
Reducing Debt: RNK's debt to equity ratio has reduced from 93.8% to 60.1% over the past 5 years.
Debt Coverage: Insufficient data to determine if RNK's debt is well covered by operating cash flow.
Interest Coverage: RNK's interest payments on its debt are not well covered by EBIT (2.4x coverage).