Rane Brake Lining Balance Sheet Health
Financial Health criteria checks 5/6
Rane Brake Lining has a total shareholder equity of ₹2.6B and total debt of ₹7.3M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are ₹3.7B and ₹1.2B respectively. Rane Brake Lining's EBIT is ₹472.8M making its interest coverage ratio -72.7. It has cash and short-term investments of ₹46.3M.
Key information
0.3%
Debt to equity ratio
₹7.30m
Debt
Interest coverage ratio | -72.7x |
Cash | ₹46.30m |
Equity | ₹2.56b |
Total liabilities | ₹1.16b |
Total assets | ₹3.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532987's short term assets (₹2.3B) exceed its short term liabilities (₹1.1B).
Long Term Liabilities: 532987's short term assets (₹2.3B) exceed its long term liabilities (₹65.4M).
Debt to Equity History and Analysis
Debt Level: 532987 has more cash than its total debt.
Reducing Debt: 532987's debt to equity ratio has increased from 0% to 0.3% over the past 5 years.
Debt Coverage: 532987's debt is well covered by operating cash flow (6478.1%).
Interest Coverage: 532987 earns more interest than it pays, so coverage of interest payments is not a concern.