Rane Engine Valve Limited

BSE:532988 Stock Report

Market Cap: ₹3.6b

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 ratio2.7x
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).


Balance Sheet


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