Rainbow Tourism Group Balance Sheet Health
Financial Health criteria checks 3/6
Rainbow Tourism Group has a total shareholder equity of ZWL108.3B and total debt of ZWL1.1B, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are ZWL156.0B and ZWL47.7B respectively.
Key information
1.0%
Debt to equity ratio
Z$1.08b
Debt
| Interest coverage ratio | n/a |
| Cash | Z$4.36b |
| Equity | Z$108.26b |
| Total liabilities | Z$47.71b |
| Total assets | Z$155.97b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: RTG's short term assets (ZWL18.4B) do not cover its short term liabilities (ZWL20.9B).
Long Term Liabilities: RTG's short term assets (ZWL18.4B) do not cover its long term liabilities (ZWL26.8B).
Debt to Equity History and Analysis
Debt Level: RTG has more cash than its total debt.
Reducing Debt: RTG's debt to equity ratio has reduced from 97.5% to 1% over the past 5 years.
Debt Coverage: RTG's debt is well covered by operating cash flow (759.5%).
Interest Coverage: Insufficient data to determine if RTG's interest payments on its debt are well covered by EBIT.