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).