RIT Capital Partners Balance Sheet Health
Financial Health criteria checks 5/6
RIT Capital Partners has a total shareholder equity of £3.6B and total debt of £280.8M, which brings its debt-to-equity ratio to 7.9%. Its total assets and total liabilities are £3.9B and £328.8M respectively. RIT Capital Partners's EBIT is £99.7M making its interest coverage ratio 2.9. It has cash and short-term investments of £204.3M.
Key information
7.9%
Debt to equity ratio
UK£280.80m
Debt
Interest coverage ratio | 2.9x |
Cash | UK£204.30m |
Equity | UK£3.57b |
Total liabilities | UK£328.80m |
Total assets | UK£3.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RITP.F's short term assets (£341.0M) exceed its short term liabilities (£185.0M).
Long Term Liabilities: RITP.F's short term assets (£341.0M) exceed its long term liabilities (£143.8M).
Debt to Equity History and Analysis
Debt Level: RITP.F's net debt to equity ratio (2.1%) is considered satisfactory.
Reducing Debt: RITP.F's debt to equity ratio has reduced from 15.2% to 7.9% over the past 5 years.
Debt Coverage: RITP.F's debt is well covered by operating cash flow (104.8%).
Interest Coverage: RITP.F's interest payments on its debt are not well covered by EBIT (2.9x coverage).