Rolex Rings Balance Sheet Health
Financial Health criteria checks 6/6
Rolex Rings has a total shareholder equity of ₹10.0B and total debt of ₹213.3M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are ₹12.3B and ₹2.3B respectively. Rolex Rings's EBIT is ₹2.2B making its interest coverage ratio -97.7. It has cash and short-term investments of ₹2.5B.
Key information
2.1%
Debt to equity ratio
₹213.32m
Debt
| Interest coverage ratio | -97.7x |
| Cash | ₹2.46b |
| Equity | ₹9.97b |
| Total liabilities | ₹2.33b |
| Total assets | ₹12.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543325's short term assets (₹7.3B) exceed its short term liabilities (₹1.7B).
Long Term Liabilities: 543325's short term assets (₹7.3B) exceed its long term liabilities (₹629.7M).
Debt to Equity History and Analysis
Debt Level: 543325 has more cash than its total debt.
Reducing Debt: 543325's debt to equity ratio has reduced from 133.2% to 2.1% over the past 5 years.
Debt Coverage: 543325's debt is well covered by operating cash flow (1198.9%).
Interest Coverage: 543325 earns more interest than it pays, so coverage of interest payments is not a concern.