Rane Engine Valve Balance Sheet Health
Financial Health criteria checks 4/6
Rane Engine Valve has a total shareholder equity of ₹1.1B and total debt of ₹1.2B, which brings its debt-to-equity ratio to 106%. Its total assets and total liabilities are ₹3.5B and ₹2.4B respectively. Rane Engine Valve's EBIT is ₹286.1M making its interest coverage ratio 3.2. It has cash and short-term investments of ₹68.0M.
Key information
106.0%
Debt to equity ratio
₹1.19b
Debt
| Interest coverage ratio | 3.2x |
| Cash | ₹68.00m |
| Equity | ₹1.13b |
| Total liabilities | ₹2.40b |
| Total assets | ₹3.52b |
Recent financial health updates
Here's Why Rane Engine Valve (NSE:RANEENGINE) Has A Meaningful Debt Burden
May 07
Rane Engine Valve (NSE:RANEENGINE) Use Of Debt Could Be Considered Risky
Dec 29Does Rane Engine Valve (NSE:RANEENGINE) Have A Healthy Balance Sheet?
May 25We Think Rane Engine Valve (NSE:RANEENGINE) Has A Fair Chunk Of Debt
Dec 30Is Rane Engine Valve (NSE:RANEENGINE) Using Too Much Debt?
Sep 15Would Rane Engine Valve (NSE:RANEENGINE) Be Better Off With Less Debt?
May 24Recent updates
Investors Give Rane Engine Valve Limited (NSE:RANEENGINE) Shares A 25% Hiding
Mar 13The Market Lifts Rane Engine Valve Limited (NSE:RANEENGINE) Shares 29% But It Can Do More
Jan 18Rane Engine Valve (NSE:RANEENGINE) Might Have The Makings Of A Multi-Bagger
Dec 28Not Many Are Piling Into Rane Engine Valve Limited (NSE:RANEENGINE) Just Yet
Nov 22Rane Engine Valve (NSE:RANEENGINE) Is Doing The Right Things To Multiply Its Share Price
Jul 22Here's Why Rane Engine Valve (NSE:RANEENGINE) Has A Meaningful Debt Burden
May 07Rane Engine Valve (NSE:RANEENGINE) Shareholders Will Want The ROCE Trajectory To Continue
Mar 03Rane Engine Valve (NSE:RANEENGINE) Use Of Debt Could Be Considered Risky
Dec 29Does Rane Engine Valve (NSE:RANEENGINE) Have A Healthy Balance Sheet?
May 25We Think Rane Engine Valve (NSE:RANEENGINE) Has A Fair Chunk Of Debt
Dec 30Is Rane Engine Valve (NSE:RANEENGINE) Using Too Much Debt?
Sep 15Would Rane Engine Valve (NSE:RANEENGINE) Be Better Off With Less Debt?
May 24Does Rane Engine Valve (NSE:RANEENGINE) Have A Healthy Balance Sheet?
Oct 27Is Rane Engine Valve (NSE:RANEENGINE) Weighed On By Its Debt Load?
Jul 01Financial Position Analysis
Short Term Liabilities: RANEENGINE's short term assets (₹2.1B) exceed its short term liabilities (₹1.8B).
Long Term Liabilities: RANEENGINE's short term assets (₹2.1B) exceed its long term liabilities (₹581.2M).
Debt to Equity History and Analysis
Debt Level: RANEENGINE's net debt to equity ratio (100%) is considered high.
Reducing Debt: RANEENGINE's debt to equity ratio has increased from 74.9% to 106% over the past 5 years.
Debt Coverage: RANEENGINE's debt is well covered by operating cash flow (33.4%).
Interest Coverage: RANEENGINE's interest payments on its debt are well covered by EBIT (3.2x coverage).