Rank Progress Balance Sheet Health
Financial Health criteria checks 5/6
Rank Progress has a total shareholder equity of PLN545.2M and total debt of PLN232.9M, which brings its debt-to-equity ratio to 42.7%. Its total assets and total liabilities are PLN970.2M and PLN425.0M respectively. Rank Progress's EBIT is PLN95.9M making its interest coverage ratio 12.5. It has cash and short-term investments of PLN105.6M.
Key information
42.7%
Debt to equity ratio
zł232.95m
Debt
| Interest coverage ratio | 12.5x |
| Cash | zł105.58m |
| Equity | zł545.23m |
| Total liabilities | zł425.00m |
| Total assets | zł970.23m |
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
Rank 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 (PLN280.9M) do not cover its short term liabilities (PLN366.3M).
Long Term Liabilities: RNK's short term assets (PLN280.9M) exceed its long term liabilities (PLN58.7M).
Debt to Equity History and Analysis
Debt Level: RNK's net debt to equity ratio (23.4%) is considered satisfactory.
Reducing Debt: RNK's debt to equity ratio has reduced from 94.8% to 42.7% over the past 5 years.
Debt Coverage: RNK's debt is well covered by operating cash flow (56.9%).
Interest Coverage: RNK's interest payments on its debt are well covered by EBIT (12.5x coverage).