Ravindra Energy Balance Sheet Health
Financial Health criteria checks 5/6
Ravindra Energy has a total shareholder equity of ₹2.4B and total debt of ₹1.4B, which brings its debt-to-equity ratio to 59.8%. Its total assets and total liabilities are ₹4.7B and ₹2.3B respectively. Ravindra Energy's EBIT is ₹270.6M making its interest coverage ratio 4.6. It has cash and short-term investments of ₹178.5M.
Key information
59.8%
Debt to equity ratio
₹1.43b
Debt
Interest coverage ratio | 4.6x |
Cash | ₹178.48m |
Equity | ₹2.39b |
Total liabilities | ₹2.32b |
Total assets | ₹4.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 504341's short term assets (₹2.0B) exceed its short term liabilities (₹898.8M).
Long Term Liabilities: 504341's short term assets (₹2.0B) exceed its long term liabilities (₹1.4B).
Debt to Equity History and Analysis
Debt Level: 504341's net debt to equity ratio (52.3%) is considered high.
Reducing Debt: 504341's debt to equity ratio has reduced from 7334.1% to 59.8% over the past 5 years.
Debt Coverage: 504341's debt is well covered by operating cash flow (65.4%).
Interest Coverage: 504341's interest payments on its debt are well covered by EBIT (4.6x coverage).