Rane (Madras) Balance Sheet Health
Financial Health criteria checks 1/6
Rane (Madras) has a total shareholder equity of ₹2.6B and total debt of ₹6.6B, which brings its debt-to-equity ratio to 259.5%. Its total assets and total liabilities are ₹13.4B and ₹10.8B respectively. Rane (Madras)'s EBIT is ₹793.8M making its interest coverage ratio 1.4. It has cash and short-term investments of ₹346.6M.
Key information
259.5%
Debt to equity ratio
₹6.63b
Debt
Interest coverage ratio | 1.4x |
Cash | ₹346.60m |
Equity | ₹2.56b |
Total liabilities | ₹10.84b |
Total assets | ₹13.39b |
Recent financial health updates
We Think Rane (Madras) (NSE:RML) Is Taking Some Risk With Its Debt
Mar 14Is Rane (Madras) (NSE:RML) A Risky Investment?
Feb 09Is Rane (Madras) (NSE:RML) Using Debt In A Risky Way?
Feb 17Is Rane (Madras) (NSE:RML) Using Too Much Debt?
Jul 13Does Rane (Madras) (NSE:RML) Have A Healthy Balance Sheet?
Jan 19Is Rane (Madras) (NSE:RML) Weighed On By Its Debt Load?
Sep 15Recent updates
We Think Rane (Madras) (NSE:RML) Is Taking Some Risk With Its Debt
Mar 14Rane (Madras) (NSE:RML) Hasn't Managed To Accelerate Its Returns
Jun 28Is Rane (Madras) (NSE:RML) A Risky Investment?
Feb 09Rane (Madras) (NSE:RML) Will Want To Turn Around Its Return Trends
Dec 26Is Rane (Madras) (NSE:RML) Using Debt In A Risky Way?
Feb 17Why Rane (Madras)'s (NSE:RML) Earnings Are Weaker Than They Seem
Oct 27Is Rane (Madras) (NSE:RML) Using Too Much Debt?
Jul 13Does Rane (Madras) (NSE:RML) Have A Healthy Balance Sheet?
Jan 19Is Rane (Madras) (NSE:RML) Weighed On By Its Debt Load?
Sep 15Financial Position Analysis
Short Term Liabilities: RML's short term assets (₹7.2B) do not cover its short term liabilities (₹8.0B).
Long Term Liabilities: RML's short term assets (₹7.2B) exceed its long term liabilities (₹2.8B).
Debt to Equity History and Analysis
Debt Level: RML's net debt to equity ratio (245.9%) is considered high.
Reducing Debt: RML's debt to equity ratio has increased from 164.1% to 259.5% over the past 5 years.
Debt Coverage: RML's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: RML's interest payments on its debt are not well covered by EBIT (1.4x coverage).