Rungta Irrigation Balance Sheet Health
Financial Health criteria checks 5/6
Rungta Irrigation has a total shareholder equity of ₹903.5M and total debt of ₹187.4M, which brings its debt-to-equity ratio to 20.7%. Its total assets and total liabilities are ₹1.4B and ₹468.8M respectively. Rungta Irrigation's EBIT is ₹63.2M making its interest coverage ratio -2.8. It has cash and short-term investments of ₹736.0K.
Key information
20.7%
Debt to equity ratio
₹187.37m
Debt
| Interest coverage ratio | -2.8x |
| Cash | ₹736.00k |
| Equity | ₹903.48m |
| Total liabilities | ₹468.76m |
| Total assets | ₹1.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530449's short term assets (₹984.6M) exceed its short term liabilities (₹446.6M).
Long Term Liabilities: 530449's short term assets (₹984.6M) exceed its long term liabilities (₹22.1M).
Debt to Equity History and Analysis
Debt Level: 530449's net debt to equity ratio (20.7%) is considered satisfactory.
Reducing Debt: 530449's debt to equity ratio has reduced from 29.6% to 20.7% over the past 5 years.
Debt Coverage: 530449's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 530449 earns more interest than it pays, so coverage of interest payments is not a concern.