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RBC Bearings Balance Sheet Health
Financial Health criteria checks 4/6
RBC Bearings has a total shareholder equity of $2.8B and total debt of $1.1B, which brings its debt-to-equity ratio to 40.4%. Its total assets and total liabilities are $4.7B and $1.9B respectively. RBC Bearings's EBIT is $358.6M making its interest coverage ratio 4.8. It has cash and short-term investments of $76.8M.
Key information
40.4%
Debt to equity ratio
US$1.13b
Debt
| Interest coverage ratio | 4.8x |
| Cash | US$76.80m |
| Equity | US$2.80b |
| Total liabilities | US$1.89b |
| Total assets | US$4.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RBCP's short term assets ($994.2M) exceed its short term liabilities ($330.3M).
Long Term Liabilities: RBCP's short term assets ($994.2M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: RBCP's net debt to equity ratio (37.6%) is considered satisfactory.
Reducing Debt: RBCP's debt to equity ratio has increased from 2.6% to 40.4% over the past 5 years.
Debt Coverage: RBCP's debt is well covered by operating cash flow (27.4%).
Interest Coverage: RBCP's interest payments on its debt are well covered by EBIT (4.8x coverage).