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).