Reef Casino Trust Balance Sheet Health
Financial Health criteria checks 4/6
Reef Casino Trust has a total shareholder equity of A$11.8M and total debt of A$200.0K, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are A$101.9M and A$90.1M respectively. Reef Casino Trust's EBIT is A$15.3M making its interest coverage ratio 2. It has cash and short-term investments of A$7.1M.
Key information
1.7%
Debt to equity ratio
AU$200.00k
Debt
| Interest coverage ratio | 2x |
| Cash | AU$7.06m |
| Equity | AU$11.80m |
| Total liabilities | AU$90.09m |
| Total assets | AU$101.89m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RCTU.F's short term assets (A$10.7M) exceed its short term liabilities (A$4.7M).
Long Term Liabilities: RCTU.F's short term assets (A$10.7M) do not cover its long term liabilities (A$85.4M).
Debt to Equity History and Analysis
Debt Level: RCTU.F has more cash than its total debt.
Reducing Debt: RCTU.F's debt to equity ratio has reduced from 69% to 1.7% over the past 5 years.
Debt Coverage: RCTU.F's debt is well covered by operating cash flow (9378.5%).
Interest Coverage: RCTU.F's interest payments on its debt are not well covered by EBIT (2x coverage).