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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/08/20 07:45 |
| End of Day Share Price | 2024/05/23 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ricardo plc is covered by 18 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Arden Partners Plc. |
| James Bayliss | Berenberg |
| Richard Hickinbotham | Charles Stanley Securities |