Readen Holding Balance Sheet Health
Financial Health criteria checks 3/6
Readen Holding has a total shareholder equity of $8.1M and total debt of $2.7M, which brings its debt-to-equity ratio to 33.7%. Its total assets and total liabilities are $12.0M and $3.9M respectively. Readen Holding's EBIT is $2.7M making its interest coverage ratio -61.6. It has cash and short-term investments of $9.3K.
Key information
33.7%
Debt to equity ratio
US$2.71m
Debt
Interest coverage ratio | -61.6x |
Cash | US$9.32k |
Equity | US$8.05m |
Total liabilities | US$3.91m |
Total assets | US$11.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RHCO's short term assets ($1.5M) do not cover its short term liabilities ($2.1M).
Long Term Liabilities: RHCO's short term assets ($1.5M) do not cover its long term liabilities ($1.8M).
Debt to Equity History and Analysis
Debt Level: RHCO's net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if RHCO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RHCO's debt is well covered by operating cash flow (33.3%).
Interest Coverage: RHCO earns more interest than it pays, so coverage of interest payments is not a concern.