Richards Packaging Income Fund Balance Sheet Health
Financial Health criteria checks 6/6
Richards Packaging Income Fund has a total shareholder equity of CA$194.1M and total debt of CA$18.6M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are CA$320.2M and CA$126.1M respectively. Richards Packaging Income Fund's EBIT is CA$55.4M making its interest coverage ratio 25.3. It has cash and short-term investments of CA$1.1M.
Key information
9.6%
Debt to equity ratio
CA$18.60m
Debt
| Interest coverage ratio | 25.3x |
| Cash | CA$1.13m |
| Equity | CA$194.09m |
| Total liabilities | CA$126.08m |
| Total assets | CA$320.17m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RPKI.F's short term assets (CA$136.7M) exceed its short term liabilities (CA$83.6M).
Long Term Liabilities: RPKI.F's short term assets (CA$136.7M) exceed its long term liabilities (CA$42.5M).
Debt to Equity History and Analysis
Debt Level: RPKI.F's net debt to equity ratio (9%) is considered satisfactory.
Reducing Debt: RPKI.F's debt to equity ratio has reduced from 29.8% to 9.6% over the past 5 years.
Debt Coverage: RPKI.F's debt is well covered by operating cash flow (312.6%).
Interest Coverage: RPKI.F's interest payments on its debt are well covered by EBIT (25.3x coverage).