IP Rings Balance Sheet Health
Financial Health criteria checks 2/6
IP Rings has a total shareholder equity of ₹1.0B and total debt of ₹777.8M, which brings its debt-to-equity ratio to 74.1%. Its total assets and total liabilities are ₹3.0B and ₹1.9B respectively. IP Rings's EBIT is ₹98.1M making its interest coverage ratio 1. It has cash and short-term investments of ₹41.4M.
Key information
74.1%
Debt to equity ratio
₹777.78m
Debt
| Interest coverage ratio | 1x |
| Cash | ₹41.43m |
| Equity | ₹1.05b |
| Total liabilities | ₹1.92b |
| Total assets | ₹2.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523638's short term assets (₹1.3B) do not cover its short term liabilities (₹1.5B).
Long Term Liabilities: 523638's short term assets (₹1.3B) exceed its long term liabilities (₹447.6M).
Debt to Equity History and Analysis
Debt Level: 523638's net debt to equity ratio (70.2%) is considered high.
Reducing Debt: 523638's debt to equity ratio has increased from 71% to 74.1% over the past 5 years.
Debt Coverage: 523638's debt is well covered by operating cash flow (37.9%).
Interest Coverage: 523638's interest payments on its debt are not well covered by EBIT (1x coverage).