This company has been acquired
Redrow Balance Sheet Health
Financial Health criteria checks 6/6
Redrow has a total shareholder equity of £2.0B and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £3.1B and £1.1B respectively. Redrow's EBIT is £399.0M making its interest coverage ratio 99.8. It has cash and short-term investments of £235.0M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | 99.8x |
| Cash | UK£235.00m |
| Equity | UK£2.03b |
| Total liabilities | UK£1.06b |
| Total assets | UK£3.09b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RDWW.F's short term assets (£3.0B) exceed its short term liabilities (£865.0M).
Long Term Liabilities: RDWW.F's short term assets (£3.0B) exceed its long term liabilities (£195.0M).
Debt to Equity History and Analysis
Debt Level: RDWW.F is debt free.
Reducing Debt: RDWW.F has no debt compared to 5 years ago when its debt to equity ratio was 0.3%.
Debt Coverage: RDWW.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: RDWW.F has no debt, therefore coverage of interest payments is not a concern.