Rungta Irrigation Balance Sheet Health
Financial Health criteria checks 5/6
Rungta Irrigation has a total shareholder equity of ₹842.8M and total debt of ₹121.7M, which brings its debt-to-equity ratio to 14.4%. Its total assets and total liabilities are ₹1.1B and ₹266.7M respectively. Rungta Irrigation's EBIT is ₹63.0M making its interest coverage ratio 39.8. It has cash and short-term investments of ₹1.1M.
Key information
14.4%
Debt to equity ratio
₹121.70m
Debt
Interest coverage ratio | 39.8x |
Cash | ₹1.09m |
Equity | ₹842.79m |
Total liabilities | ₹266.67m |
Total assets | ₹1.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530449's short term assets (₹758.4M) exceed its short term liabilities (₹257.3M).
Long Term Liabilities: 530449's short term assets (₹758.4M) exceed its long term liabilities (₹9.4M).
Debt to Equity History and Analysis
Debt Level: 530449's net debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: 530449's debt to equity ratio has reduced from 27.3% to 14.4% over the past 5 years.
Debt Coverage: 530449's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: 530449's interest payments on its debt are well covered by EBIT (39.8x coverage).