Rane Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Rane Holdings has a total shareholder equity of ₹10.9B and total debt of ₹8.3B, which brings its debt-to-equity ratio to 76.2%. Its total assets and total liabilities are ₹25.9B and ₹15.0B respectively. Rane Holdings's EBIT is ₹2.0B making its interest coverage ratio 3. It has cash and short-term investments of ₹733.9M.
Key information
76.2%
Debt to equity ratio
₹8.32b
Debt
Interest coverage ratio | 3x |
Cash | ₹733.90m |
Equity | ₹10.92b |
Total liabilities | ₹15.02b |
Total assets | ₹25.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 505800's short term assets (₹12.4B) exceed its short term liabilities (₹11.1B).
Long Term Liabilities: 505800's short term assets (₹12.4B) exceed its long term liabilities (₹3.9B).
Debt to Equity History and Analysis
Debt Level: 505800's net debt to equity ratio (69.5%) is considered high.
Reducing Debt: 505800's debt to equity ratio has increased from 44.6% to 76.2% over the past 5 years.
Debt Coverage: 505800's debt is well covered by operating cash flow (29.1%).
Interest Coverage: 505800's interest payments on its debt are not well covered by EBIT (3x coverage).