RMC Switchgears Balance Sheet Health
Financial Health criteria checks 4/6
RMC Switchgears has a total shareholder equity of ₹537.7M and total debt of ₹432.0M, which brings its debt-to-equity ratio to 80.3%. Its total assets and total liabilities are ₹1.4B and ₹824.9M respectively. RMC Switchgears's EBIT is ₹300.9M making its interest coverage ratio 5.2. It has cash and short-term investments of ₹56.2M.
Key information
80.3%
Debt to equity ratio
₹432.00m
Debt
Interest coverage ratio | 5.2x |
Cash | ₹56.17m |
Equity | ₹537.72m |
Total liabilities | ₹824.86m |
Total assets | ₹1.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540358's short term assets (₹1.1B) exceed its short term liabilities (₹596.0M).
Long Term Liabilities: 540358's short term assets (₹1.1B) exceed its long term liabilities (₹228.9M).
Debt to Equity History and Analysis
Debt Level: 540358's net debt to equity ratio (69.9%) is considered high.
Reducing Debt: 540358's debt to equity ratio has reduced from 139.9% to 80.3% over the past 5 years.
Debt Coverage: 540358's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: 540358's interest payments on its debt are well covered by EBIT (5.2x coverage).