Rentokil Initial Balance Sheet Health
Financial Health criteria checks 3/6
Rentokil Initial has a total shareholder equity of £4.1B and total debt of £4.3B, which brings its debt-to-equity ratio to 106%. Its total assets and total liabilities are £11.1B and £7.0B respectively. Rentokil Initial's EBIT is £727.0M making its interest coverage ratio 4.8. It has cash and short-term investments of £1.6B.
Key information
106.0%
Debt to equity ratio
UK£4.34b
Debt
| Interest coverage ratio | 4.8x |
| Cash | UK£1.58b |
| Equity | UK£4.09b |
| Total liabilities | UK£7.04b |
| Total assets | UK£11.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RKLI.F's short term assets (£2.7B) exceed its short term liabilities (£2.6B).
Long Term Liabilities: RKLI.F's short term assets (£2.7B) do not cover its long term liabilities (£4.5B).
Debt to Equity History and Analysis
Debt Level: RKLI.F's net debt to equity ratio (67.5%) is considered high.
Reducing Debt: RKLI.F's debt to equity ratio has reduced from 147% to 106% over the past 5 years.
Debt Coverage: RKLI.F's debt is not well covered by operating cash flow (17%).
Interest Coverage: RKLI.F's interest payments on its debt are well covered by EBIT (4.8x coverage).