Rand Capital Balance Sheet Health
Financial Health criteria checks 4/6
Rand Capital has a total shareholder equity of $60.8M and total debt of $16.3M, which brings its debt-to-equity ratio to 26.7%. Its total assets and total liabilities are $81.0M and $20.2M respectively. Rand Capital's EBIT is $4.2M making its interest coverage ratio 4. It has cash and short-term investments of $3.3M.
Key information
26.7%
Debt to equity ratio
US$16.25m
Debt
Interest coverage ratio | 4x |
Cash | US$3.30m |
Equity | US$60.82m |
Total liabilities | US$20.21m |
Total assets | US$81.02m |
Recent financial health updates
No updates
Recent updates
Rand Capital goes ex-dividend tomorrow
Aug 30Rand Capital Non-GAAP NII of $0.29, Total Investment income of $1.4M
Aug 08Rand Capital reports Q1 results
May 10Rand Capital declares $1.33 dividend
Dec 21What Can We Learn About Rand Capital's (NASDAQ:RAND) CEO Compensation?
Dec 16Rand Capital 2020 Q3 - Results - Earnings Call Presentation
Nov 10Financial Position Analysis
Short Term Liabilities: RAND's short term assets ($3.8M) exceed its short term liabilities ($3.4M).
Long Term Liabilities: RAND's short term assets ($3.8M) do not cover its long term liabilities ($16.8M).
Debt to Equity History and Analysis
Debt Level: RAND's net debt to equity ratio (21.3%) is considered satisfactory.
Reducing Debt: RAND's debt to equity ratio has reduced from 27.1% to 26.7% over the past 5 years.
Debt Coverage: RAND's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RAND's interest payments on its debt are well covered by EBIT (4x coverage).