Reliance Industries Balance Sheet Health
Financial Health criteria checks 6/6
Reliance Industries has a total shareholder equity of ₹9,257.9B and total debt of ₹3,461.4B, which brings its debt-to-equity ratio to 37.4%. Its total assets and total liabilities are ₹17,559.9B and ₹8,302.0B respectively. Reliance Industries's EBIT is ₹1,102.5B making its interest coverage ratio 4.8. It has cash and short-term investments of ₹2,034.0B.
Key information
37.4%
Debt to equity ratio
₹3.46t
Debt
| Interest coverage ratio | 4.8x |
| Cash | ₹2.03t |
| Equity | ₹9.26t |
| Total liabilities | ₹8.30t |
| Total assets | ₹17.56t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RLI's short term assets (₹4,701.0B) exceed its short term liabilities (₹3,973.7B).
Long Term Liabilities: RLI's short term assets (₹4,701.0B) exceed its long term liabilities (₹4,328.3B).
Debt to Equity History and Analysis
Debt Level: RLI's net debt to equity ratio (15.4%) is considered satisfactory.
Reducing Debt: RLI's debt to equity ratio has reduced from 72.7% to 37.4% over the past 5 years.
Debt Coverage: RLI's debt is well covered by operating cash flow (45.9%).
Interest Coverage: RLI's interest payments on its debt are well covered by EBIT (4.8x coverage).