Rico Auto Industries Balance Sheet Health
Financial Health criteria checks 2/6
Rico Auto Industries has a total shareholder equity of ₹7.0B and total debt of ₹7.3B, which brings its debt-to-equity ratio to 104%. Its total assets and total liabilities are ₹19.2B and ₹12.3B respectively. Rico Auto Industries's EBIT is ₹1.1B making its interest coverage ratio 2.1. It has cash and short-term investments of ₹259.2M.
Key information
104.0%
Debt to equity ratio
₹7.25b
Debt
Interest coverage ratio | 2.1x |
Cash | ₹259.20m |
Equity | ₹6.97b |
Total liabilities | ₹12.27b |
Total assets | ₹19.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 520008's short term assets (₹7.6B) do not cover its short term liabilities (₹8.4B).
Long Term Liabilities: 520008's short term assets (₹7.6B) exceed its long term liabilities (₹3.9B).
Debt to Equity History and Analysis
Debt Level: 520008's net debt to equity ratio (100.3%) is considered high.
Reducing Debt: 520008's debt to equity ratio has increased from 43% to 104% over the past 5 years.
Debt Coverage: 520008's debt is well covered by operating cash flow (32.7%).
Interest Coverage: 520008's interest payments on its debt are not well covered by EBIT (2.1x coverage).