Ram Ratna Wires Balance Sheet Health
Financial Health criteria checks 5/6
Ram Ratna Wires has a total shareholder equity of ₹4.0B and total debt of ₹2.9B, which brings its debt-to-equity ratio to 73.3%. Its total assets and total liabilities are ₹9.6B and ₹5.6B respectively. Ram Ratna Wires's EBIT is ₹952.4M making its interest coverage ratio 2.8. It has cash and short-term investments of ₹1.3B.
Key information
73.3%
Debt to equity ratio
₹2.92b
Debt
Interest coverage ratio | 2.8x |
Cash | ₹1.35b |
Equity | ₹3.98b |
Total liabilities | ₹5.63b |
Total assets | ₹9.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 522281's short term assets (₹7.0B) exceed its short term liabilities (₹4.3B).
Long Term Liabilities: 522281's short term assets (₹7.0B) exceed its long term liabilities (₹1.3B).
Debt to Equity History and Analysis
Debt Level: 522281's net debt to equity ratio (39.4%) is considered satisfactory.
Reducing Debt: 522281's debt to equity ratio has reduced from 161.2% to 73.3% over the past 5 years.
Debt Coverage: 522281's debt is well covered by operating cash flow (39.3%).
Interest Coverage: 522281's interest payments on its debt are not well covered by EBIT (2.8x coverage).