Rasi Electrodes Balance Sheet Health
Financial Health criteria checks 6/6
Rasi Electrodes has a total shareholder equity of ₹308.8M and total debt of ₹16.5M, which brings its debt-to-equity ratio to 5.3%. Its total assets and total liabilities are ₹349.5M and ₹40.6M respectively. Rasi Electrodes's EBIT is ₹31.4M making its interest coverage ratio -238.2. It has cash and short-term investments of ₹22.8M.
Key information
5.3%
Debt to equity ratio
₹16.50m
Debt
Interest coverage ratio | -238.2x |
Cash | ₹22.78m |
Equity | ₹308.84m |
Total liabilities | ₹40.64m |
Total assets | ₹349.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531233's short term assets (₹279.6M) exceed its short term liabilities (₹31.1M).
Long Term Liabilities: 531233's short term assets (₹279.6M) exceed its long term liabilities (₹9.6M).
Debt to Equity History and Analysis
Debt Level: 531233 has more cash than its total debt.
Reducing Debt: 531233's debt to equity ratio has reduced from 28.2% to 5.3% over the past 5 years.
Debt Coverage: 531233's debt is well covered by operating cash flow (562.1%).
Interest Coverage: 531233 earns more interest than it pays, so coverage of interest payments is not a concern.