Red Trail Energy Balance Sheet Health
Financial Health criteria checks 5/6
Red Trail Energy has a total shareholder equity of $79.5M and total debt of $22.3M, which brings its debt-to-equity ratio to 28.1%. Its total assets and total liabilities are $127.6M and $48.1M respectively. Red Trail Energy's EBIT is $5.9M making its interest coverage ratio 7.3. It has cash and short-term investments of $16.6M.
Key information
28.1%
Debt to equity ratio
US$22.31m
Debt
| Interest coverage ratio | 7.3x |
| Cash | US$16.56m |
| Equity | US$79.51m |
| Total liabilities | US$48.10m |
| Total assets | US$127.60m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: REGX's short term assets ($43.8M) exceed its short term liabilities ($26.3M).
Long Term Liabilities: REGX's short term assets ($43.8M) exceed its long term liabilities ($21.8M).
Debt to Equity History and Analysis
Debt Level: REGX's net debt to equity ratio (7.2%) is considered satisfactory.
Reducing Debt: REGX's debt to equity ratio has increased from 0% to 28.1% over the past 5 years.
Debt Coverage: REGX's debt is well covered by operating cash flow (48.9%).
Interest Coverage: REGX's interest payments on its debt are well covered by EBIT (7.3x coverage).