IP Rings Balance Sheet Health
Financial Health criteria checks 2/6
IP Rings has a total shareholder equity of ₹1.1B and total debt of ₹883.4M, which brings its debt-to-equity ratio to 83.1%. Its total assets and total liabilities are ₹3.0B and ₹2.0B respectively. IP Rings's EBIT is ₹24.9M making its interest coverage ratio 0.3. It has cash and short-term investments of ₹56.0M.
Key information
83.1%
Debt to equity ratio
₹883.42m
Debt
Interest coverage ratio | 0.3x |
Cash | ₹56.02m |
Equity | ₹1.06b |
Total liabilities | ₹1.96b |
Total assets | ₹3.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523638's short term assets (₹1.4B) do not cover its short term liabilities (₹1.5B).
Long Term Liabilities: 523638's short term assets (₹1.4B) exceed its long term liabilities (₹418.1M).
Debt to Equity History and Analysis
Debt Level: 523638's net debt to equity ratio (77.8%) is considered high.
Reducing Debt: 523638's debt to equity ratio has increased from 82.9% to 83.1% over the past 5 years.
Debt Coverage: 523638's debt is well covered by operating cash flow (55.2%).
Interest Coverage: 523638's interest payments on its debt are not well covered by EBIT (0.3x coverage).