Ricardo Balance Sheet Health
Financial Health criteria checks 3/6
Ricardo has a total shareholder equity of £169.3M and total debt of £109.9M, which brings its debt-to-equity ratio to 64.9%. Its total assets and total liabilities are £429.1M and £259.8M respectively. Ricardo's EBIT is £10.3M making its interest coverage ratio 1.3. It has cash and short-term investments of £46.7M.
Key information
64.9%
Debt to equity ratio
UK£109.90m
Debt
| Interest coverage ratio | 1.3x |
| Cash | UK£46.70m |
| Equity | UK£169.30m |
| Total liabilities | UK£259.80m |
| Total assets | UK£429.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RCDO.F's short term assets (£223.6M) exceed its short term liabilities (£116.2M).
Long Term Liabilities: RCDO.F's short term assets (£223.6M) exceed its long term liabilities (£143.6M).
Debt to Equity History and Analysis
Debt Level: RCDO.F's net debt to equity ratio (37.3%) is considered satisfactory.
Reducing Debt: RCDO.F's debt to equity ratio has increased from 39.6% to 64.9% over the past 5 years.
Debt Coverage: RCDO.F's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: RCDO.F's interest payments on its debt are not well covered by EBIT (1.3x coverage).