Resimac Group Limited

ASX RMC.AX

Resimac Group Limited Interest Coverage Ratio for the year ending June 30, 2024: 1.06

Resimac Group Limited Interest Coverage Ratio is 1.06 for the year ending June 30, 2024, a 29,910.20% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.

Resimac Group Limited Interest Coverage Ratio for the year ending June 30, 2023 was -0.00, a -100.23% change year over year.
Resimac Group Limited Interest Coverage Ratio for the year ending June 30, 2022 was 1.57, a -6.54% change year over year.
Resimac Group Limited Interest Coverage Ratio for the year ending June 30, 2021 was 1.68, a 21.73% change year over year.
Resimac Group Limited Interest Coverage Ratio for the year ending June 30, 2020 was 1.38, a 895.49% change year over year.

Key data

Date	Interest Coverage Ratio	Debt to Equity Ratio	Interest Expense To Sales	Inventory Turnover Ratio

ASX: RMC.AX

Resimac Group Limited

CEO	Ms. Susan Wood-Hansen B.Com., C.A., M.B.A.
IPO Date	March 18, 2001
Location	Australia
Headquarters	45 Clarence Street
Employees	250
Sector	Finance
Industries Banking & Lending Investment Banking & Asset Management

Description

Resimac Group Limited, a non-bank financial institution, provides residential mortgage and asset finance lending solutions in Australia and New Zealand. The company operates in two segments, Australian Lending Business and New Zealand Lending Business. It offers prime and specialist lending products; SME/commercial finance products; and home and car loans. The company also provides mortgage originator, trustee, lender, manager, and broker services; and LMI captive insurer and record lending services. In addition, it acts as a trust manager and servicer; and an issuer of residential mortgage-backed securities. Further, the company provides warehouse mortgages and managed investment trust services. Resimac Group Ltd offers its products and services through brokers, wholesale partners, and direct retail networks, as well as direct-to-consumer channel primarily under the Resimac, Resimac Asset Finance, and homeloans.com.au brands. The company was formerly known as Homeloans Limited and changed its name to Resimac Group Resimac Group Limited in December 2018. Resimac Group Limited was founded in 1985 and is based in Sydney, Australia.

Key trends

Past 5 years