Rane Engine Valve Balance Sheet Health
Financial Health criteria checks 4/6
Rane Engine Valve has a total shareholder equity of ₹1.2B and total debt of ₹1.2B, which brings its debt-to-equity ratio to 101.1%. Its total assets and total liabilities are ₹3.5B and ₹2.3B respectively. Rane Engine Valve's EBIT is ₹244.3M making its interest coverage ratio 2.7. It has cash and short-term investments of ₹24.5M.
Key information
101.1%
Debt to equity ratio
₹1.22b
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹24.50m |
| Equity | ₹1.21b |
| Total liabilities | ₹2.33b |
| Total assets | ₹3.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532988's short term assets (₹2.1B) exceed its short term liabilities (₹1.8B).
Long Term Liabilities: 532988's short term assets (₹2.1B) exceed its long term liabilities (₹561.8M).
Debt to Equity History and Analysis
Debt Level: 532988's net debt to equity ratio (99.1%) is considered high.
Reducing Debt: 532988's debt to equity ratio has reduced from 104.3% to 101.1% over the past 5 years.
Debt Coverage: 532988's debt is well covered by operating cash flow (34.1%).
Interest Coverage: 532988's interest payments on its debt are not well covered by EBIT (2.7x coverage).