Rane Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Rane Holdings has a total shareholder equity of ₹13.3B and total debt of ₹10.5B, which brings its debt-to-equity ratio to 79.1%. Its total assets and total liabilities are ₹34.4B and ₹21.1B respectively. Rane Holdings's EBIT is ₹2.3B making its interest coverage ratio 3.4. It has cash and short-term investments of ₹495.5M.
Key information
79.1%
Debt to equity ratio
₹10.52b
Debt
| Interest coverage ratio | 3.4x |
| Cash | ₹495.50m |
| Equity | ₹13.30b |
| Total liabilities | ₹21.11b |
| Total assets | ₹34.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 505800's short term assets (₹16.2B) do not cover its short term liabilities (₹17.4B).
Long Term Liabilities: 505800's short term assets (₹16.2B) exceed its long term liabilities (₹3.7B).
Debt to Equity History and Analysis
Debt Level: 505800's net debt to equity ratio (75.4%) is considered high.
Reducing Debt: 505800's debt to equity ratio has increased from 45.3% to 79.1% over the past 5 years.
Debt Coverage: 505800's debt is well covered by operating cash flow (34.8%).
Interest Coverage: 505800's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 00:39 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Rane Holdings Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Annamalai Jayaraj | Batlivala & Karani Securities India Pvt. Ltd. |
| Harini V. | FirstCall Research |