Reliance Industries Balance Sheet Health
Financial Health criteria checks 6/6
Reliance Industries has a total shareholder equity of ₹9,543.2B and total debt of ₹3,363.4B, which brings its debt-to-equity ratio to 35.2%. Its total assets and total liabilities are ₹18,151.2B and ₹8,608.0B respectively. Reliance Industries's EBIT is ₹1,084.2B making its interest coverage ratio 9.6. It has cash and short-term investments of ₹2,147.9B.
Key information
35.2%
Debt to equity ratio
₹3.36t
Debt
| Interest coverage ratio | 9.6x |
| Cash | ₹2.15t |
| Equity | ₹9.54t |
| Total liabilities | ₹8.61t |
| Total assets | ₹18.15t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RIGD's short term assets (₹4,784.1B) exceed its short term liabilities (₹4,427.6B).
Long Term Liabilities: RIGD's short term assets (₹4,784.1B) exceed its long term liabilities (₹4,180.4B).
Debt to Equity History and Analysis
Debt Level: RIGD's net debt to equity ratio (12.7%) is considered satisfactory.
Reducing Debt: RIGD's debt to equity ratio has reduced from 60.9% to 35.2% over the past 5 years.
Debt Coverage: RIGD's debt is well covered by operating cash flow (53.4%).
Interest Coverage: RIGD's interest payments on its debt are well covered by EBIT (9.6x coverage).