Rex Trueform Group Limited

JSE:RTN Stock Report

Market Cap: R266.5m

Rex Trueform Group Balance Sheet Health

Financial Health criteria checks 2/6

Rex Trueform Group has a total shareholder equity of ZAR476.2M and total debt of ZAR312.2M, which brings its debt-to-equity ratio to 65.6%. Its total assets and total liabilities are ZAR1.1B and ZAR642.5M respectively. Rex Trueform Group's EBIT is ZAR42.6M making its interest coverage ratio 2.5. It has cash and short-term investments of ZAR64.7M.

Key information

65.6%

Debt to equity ratio

R312.25m

Debt

Interest coverage ratio2.5x
CashR64.65m
EquityR476.19m
Total liabilitiesR642.48m
Total assetsR1.12b

Recent financial health updates

Recent updates

Benign Growth For Rex Trueform Group Limited (JSE:RTN) Underpins Stock's 28% Plummet

Jun 19
Benign Growth For Rex Trueform Group Limited (JSE:RTN) Underpins Stock's 28% Plummet

Rex Trueform Group's (JSE:RTN) Shareholders Have More To Worry About Than Only Soft Earnings

Apr 03
Rex Trueform Group's (JSE:RTN) Shareholders Have More To Worry About Than Only Soft Earnings

There Is A Reason Rex Trueform Group Limited's (JSE:RTN) Price Is Undemanding

Feb 20
There Is A Reason Rex Trueform Group Limited's (JSE:RTN) Price Is Undemanding

Should You Be Adding Rex Trueform Group (JSE:RTN) To Your Watchlist Today?

Mar 24
Should You Be Adding Rex Trueform Group (JSE:RTN) To Your Watchlist Today?

Rex Trueform Group (JSE:RTN) Has A Somewhat Strained Balance Sheet

Nov 22
Rex Trueform Group (JSE:RTN) Has A Somewhat Strained Balance Sheet

Estimating The Intrinsic Value Of Rex Trueform Group Limited (JSE:RTN)

Oct 01
Estimating The Intrinsic Value Of Rex Trueform Group Limited (JSE:RTN)

Is Rex Trueform Group (JSE:RTN) Weighed On By Its Debt Load?

Mar 29
Is Rex Trueform Group (JSE:RTN) Weighed On By Its Debt Load?

Financial Position Analysis

Short Term Liabilities: RTN's short term assets (ZAR267.9M) exceed its short term liabilities (ZAR162.3M).

Long Term Liabilities: RTN's short term assets (ZAR267.9M) do not cover its long term liabilities (ZAR480.2M).


Debt to Equity History and Analysis

Debt Level: RTN's net debt to equity ratio (52%) is considered high.

Reducing Debt: RTN's debt to equity ratio has increased from 0% to 65.6% over the past 5 years.

Debt Coverage: RTN's debt is well covered by operating cash flow (28.6%).

Interest Coverage: RTN's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


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