Rane (Madras) Balance Sheet Health
Financial Health criteria checks 1/6
Rane (Madras) has a total shareholder equity of ₹2.6B and total debt of ₹7.4B, which brings its debt-to-equity ratio to 286.9%. Its total assets and total liabilities are ₹14.8B and ₹12.2B respectively. Rane (Madras)'s EBIT is ₹759.1M making its interest coverage ratio 1.4. It has cash and short-term investments of ₹225.4M.
Key information
286.9%
Debt to equity ratio
₹7.38b
Debt
| Interest coverage ratio | 1.4x |
| Cash | ₹225.40m |
| Equity | ₹2.57b |
| Total liabilities | ₹12.18b |
| Total assets | ₹14.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532661's short term assets (₹7.9B) do not cover its short term liabilities (₹9.5B).
Long Term Liabilities: 532661's short term assets (₹7.9B) exceed its long term liabilities (₹2.7B).
Debt to Equity History and Analysis
Debt Level: 532661's net debt to equity ratio (278.2%) is considered high.
Reducing Debt: 532661's debt to equity ratio has increased from 175.5% to 286.9% over the past 5 years.
Debt Coverage: 532661's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: 532661's interest payments on its debt are not well covered by EBIT (1.4x coverage).