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 ₹7.4B, which brings its debt-to-equity ratio to 286.9%. Its total assets and total liabilities are ₹14.8B and ₹12.2B respectively. Rane (Madras)'s EBIT is ₹759.1M making its interest coverage ratio 1.4. It has cash and short-term investments of ₹225.4M.
Key information
286.9%
Debt to equity ratio
₹7.38b
Debt
| Interest coverage ratio | 1.4x |
| Cash | ₹225.40m |
| Equity | ₹2.57b |
| Total liabilities | ₹12.18b |
| Total assets | ₹14.75b |
Recent financial health updates
We Think Rane (Madras) (NSE:RML) Is Taking Some Risk With Its Debt
Mar 14
Is 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 15
Recent updates
Positive Sentiment Still Eludes Rane (Madras) Limited (NSE:RML) Following 27% Share Price Slump
Nov 14Investors Still Aren't Entirely Convinced By Rane (Madras) Limited's (NSE:RML) Revenues Despite 28% Price Jump
Aug 20The Compensation For Rane (Madras) Limited's (NSE:RML) CEO Looks Deserved And Here's Why
Jul 18Earnings Not Telling The Story For Rane (Madras) Limited (NSE:RML) After Shares Rise 26%
May 04We 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 (₹7.9B) do not cover its short term liabilities (₹9.5B).
Long Term Liabilities: RML's short term assets (₹7.9B) exceed its long term liabilities (₹2.7B).
Debt to Equity History and Analysis
Debt Level: RML's net debt to equity ratio (278.2%) is considered high.
Reducing Debt: RML's debt to equity ratio has increased from 175.5% to 286.9% over the past 5 years.
Debt Coverage: RML's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: RML's interest payments on its debt are not well covered by EBIT (1.4x coverage).