Texmaco Rail & Engineering Balance Sheet Health
Financial Health criteria checks 4/6
Texmaco Rail & Engineering has a total shareholder equity of ₹25.3B and total debt of ₹6.3B, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are ₹41.8B and ₹16.5B respectively. Texmaco Rail & Engineering's EBIT is ₹2.8B making its interest coverage ratio 2.3. It has cash and short-term investments of ₹7.0B.
Key information
24.9%
Debt to equity ratio
₹6.31b
Debt
| Interest coverage ratio | 2.3x |
| Cash | ₹6.98b |
| Equity | ₹25.30b |
| Total liabilities | ₹16.55b |
| Total assets | ₹41.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533326's short term assets (₹34.8B) exceed its short term liabilities (₹13.3B).
Long Term Liabilities: 533326's short term assets (₹34.8B) exceed its long term liabilities (₹3.2B).
Debt to Equity History and Analysis
Debt Level: 533326 has more cash than its total debt.
Reducing Debt: 533326's debt to equity ratio has reduced from 50.4% to 24.9% over the past 5 years.
Debt Coverage: 533326's debt is not well covered by operating cash flow (15.2%).
Interest Coverage: 533326's interest payments on its debt are not well covered by EBIT (2.3x coverage).