Refex Industries Balance Sheet Health
Financial Health criteria checks 4/6
Refex Industries has a total shareholder equity of ₹6.1B and total debt of ₹1.3B, which brings its debt-to-equity ratio to 21.4%. Its total assets and total liabilities are ₹10.5B and ₹4.4B respectively. Refex Industries's EBIT is ₹1.5B making its interest coverage ratio 16.3. It has cash and short-term investments of ₹36.8M.
Key information
21.4%
Debt to equity ratio
₹1.31b
Debt
| Interest coverage ratio | 16.3x |
| Cash | ₹36.80m |
| Equity | ₹6.11b |
| Total liabilities | ₹4.43b |
| Total assets | ₹10.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532884's short term assets (₹7.3B) exceed its short term liabilities (₹2.8B).
Long Term Liabilities: 532884's short term assets (₹7.3B) exceed its long term liabilities (₹1.6B).
Debt to Equity History and Analysis
Debt Level: 532884's net debt to equity ratio (20.8%) is considered satisfactory.
Reducing Debt: 532884's debt to equity ratio has increased from 2.8% to 21.4% over the past 5 years.
Debt Coverage: 532884's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 532884's interest payments on its debt are well covered by EBIT (16.3x coverage).