Rainbow Chicken Balance Sheet Health
Financial Health criteria checks 4/6
Rainbow Chicken has a total shareholder equity of ZAR4.0B and total debt of ZAR292.7M, which brings its debt-to-equity ratio to 7.3%. Its total assets and total liabilities are ZAR7.1B and ZAR3.1B respectively. Rainbow Chicken's EBIT is ZAR338.3M making its interest coverage ratio 2.7. It has cash and short-term investments of ZAR48.4M.
Key information
7.3%
Debt to equity ratio
R292.74m
Debt
| Interest coverage ratio | 2.7x |
| Cash | R48.44m |
| Equity | R4.03b |
| Total liabilities | R3.12b |
| Total assets | R7.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: RBO's short term assets (ZAR5.0B) exceed its short term liabilities (ZAR2.5B).
Long Term Liabilities: RBO's short term assets (ZAR5.0B) exceed its long term liabilities (ZAR573.0M).
Debt to Equity History and Analysis
Debt Level: RBO's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if RBO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RBO's debt is well covered by operating cash flow (398.9%).
Interest Coverage: RBO's interest payments on its debt are not well covered by EBIT (2.7x coverage).