Rank Progress Balance Sheet Health
Financial Health criteria checks 4/6
Rank Progress has a total shareholder equity of PLN538.7M and total debt of PLN237.8M, which brings its debt-to-equity ratio to 44.1%. Its total assets and total liabilities are PLN878.5M and PLN339.8M respectively. Rank Progress's EBIT is PLN87.6M making its interest coverage ratio 4.3. It has cash and short-term investments of PLN12.6M.
Key information
44.1%
Debt to equity ratio
zł237.80m
Debt
| Interest coverage ratio | 4.3x |
| Cash | zł12.62m |
| Equity | zł538.75m |
| Total liabilities | zł339.77m |
| Total assets | zł878.52m |
Recent financial health updates
Rank Progress (WSE:RNK) Seems To Use Debt Quite Sensibly
Jul 17
Rank Progress (WSE:RNK) Seems To Be Using A Lot Of Debt
Jan 03Rank 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 13Recent updates
The Strong Earnings Posted By Rank Progress (WSE:RNK) Are A Good Indication Of The Strength Of The Business
Sep 30Rank Progress (WSE:RNK) Seems To Use Debt Quite Sensibly
Jul 17Rank Progress S.A. (WSE:RNK) Stocks Shoot Up 76% But Its P/E Still Looks Reasonable
Jun 12Market 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 (PLN191.5M) do not cover its short term liabilities (PLN283.1M).
Long Term Liabilities: RNK's short term assets (PLN191.5M) exceed its long term liabilities (PLN56.6M).
Debt to Equity History and Analysis
Debt Level: RNK's net debt to equity ratio (41.8%) is considered high.
Reducing Debt: RNK's debt to equity ratio has reduced from 87.8% to 44.1% over the past 5 years.
Debt Coverage: RNK's debt is well covered by operating cash flow (24.2%).
Interest Coverage: RNK's interest payments on its debt are well covered by EBIT (4.3x coverage).