RediShred Capital Balance Sheet Health
Financial Health criteria checks 2/6
RediShred Capital has a total shareholder equity of CA$47.1M and total debt of CA$30.5M, which brings its debt-to-equity ratio to 64.6%. Its total assets and total liabilities are CA$95.0M and CA$47.9M respectively. RediShred Capital's EBIT is CA$3.6M making its interest coverage ratio 1.4. It has cash and short-term investments of CA$3.6M.
Key information
64.6%
Debt to equity ratio
CA$30.46m
Debt
Interest coverage ratio | 1.4x |
Cash | CA$3.61m |
Equity | CA$47.13m |
Total liabilities | CA$47.90m |
Total assets | CA$95.03m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RDCP.F's short term assets (CA$15.0M) do not cover its short term liabilities (CA$33.4M).
Long Term Liabilities: RDCP.F's short term assets (CA$15.0M) exceed its long term liabilities (CA$14.5M).
Debt to Equity History and Analysis
Debt Level: RDCP.F's net debt to equity ratio (57%) is considered high.
Reducing Debt: RDCP.F's debt to equity ratio has increased from 20.7% to 64.6% over the past 5 years.
Debt Coverage: RDCP.F's debt is well covered by operating cash flow (42%).
Interest Coverage: RDCP.F's interest payments on its debt are not well covered by EBIT (1.4x coverage).