Rane Engine Valve Balance Sheet Health
Financial Health criteria checks 3/6
Rane Engine Valve has a total shareholder equity of ₹1.2B and total debt of ₹1.4B, which brings its debt-to-equity ratio to 113.7%. Its total assets and total liabilities are ₹3.8B and ₹2.6B respectively. Rane Engine Valve's EBIT is ₹336.3M making its interest coverage ratio 3.6. It has cash and short-term investments of ₹129.1M.
Key information
113.7%
Debt to equity ratio
₹1.41b
Debt
| Interest coverage ratio | 3.6x |
| Cash | ₹129.10m |
| Equity | ₹1.24b |
| Total liabilities | ₹2.61b |
| Total assets | ₹3.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532988's short term assets (₹2.4B) exceed its short term liabilities (₹2.0B).
Long Term Liabilities: 532988's short term assets (₹2.4B) exceed its long term liabilities (₹608.6M).
Debt to Equity History and Analysis
Debt Level: 532988's net debt to equity ratio (103.4%) is considered high.
Reducing Debt: 532988's debt to equity ratio has increased from 99.8% to 113.7% over the past 5 years.
Debt Coverage: 532988's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: 532988's interest payments on its debt are well covered by EBIT (3.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 06:00 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Rane Engine Valve Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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