Remsons Industries Balance Sheet Health
Financial Health criteria checks 5/6
Remsons Industries has a total shareholder equity of ₹1.2B and total debt of ₹758.8M, which brings its debt-to-equity ratio to 64.8%. Its total assets and total liabilities are ₹2.8B and ₹1.6B respectively. Remsons Industries's EBIT is ₹188.0M making its interest coverage ratio 3.3. It has cash and short-term investments of ₹297.8M.
Key information
64.8%
Debt to equity ratio
₹758.80m
Debt
| Interest coverage ratio | 3.3x |
| Cash | ₹297.83m |
| Equity | ₹1.17b |
| Total liabilities | ₹1.59b |
| Total assets | ₹2.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530919's short term assets (₹1.7B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: 530919's short term assets (₹1.7B) exceed its long term liabilities (₹364.5M).
Debt to Equity History and Analysis
Debt Level: 530919's net debt to equity ratio (39.3%) is considered satisfactory.
Reducing Debt: 530919's debt to equity ratio has reduced from 130.7% to 64.8% over the past 5 years.
Debt Coverage: 530919's debt is not well covered by operating cash flow (12.8%).
Interest Coverage: 530919's interest payments on its debt are well covered by EBIT (3.3x coverage).