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 ₹6.6B, which brings its debt-to-equity ratio to 259.5%. Its total assets and total liabilities are ₹13.4B and ₹10.8B respectively. Rane (Madras)'s EBIT is ₹793.8M making its interest coverage ratio 1.4. It has cash and short-term investments of ₹346.6M.
Key information
259.5%
Debt to equity ratio
₹6.63b
Debt
Interest coverage ratio | 1.4x |
Cash | ₹346.60m |
Equity | ₹2.56b |
Total liabilities | ₹10.84b |
Total assets | ₹13.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532661's short term assets (₹7.2B) do not cover its short term liabilities (₹8.0B).
Long Term Liabilities: 532661's short term assets (₹7.2B) exceed its long term liabilities (₹2.8B).
Debt to Equity History and Analysis
Debt Level: 532661's net debt to equity ratio (245.9%) is considered high.
Reducing Debt: 532661's debt to equity ratio has increased from 164.1% to 259.5% over the past 5 years.
Debt Coverage: 532661's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: 532661's interest payments on its debt are not well covered by EBIT (1.4x coverage).