Reetech International Cargo and Courier Balance Sheet Health
Financial Health criteria checks 6/6
Reetech International Cargo and Courier has a total shareholder equity of ₹167.6M and total debt of ₹20.0M, which brings its debt-to-equity ratio to 12%. Its total assets and total liabilities are ₹213.9M and ₹46.3M respectively. Reetech International Cargo and Courier's EBIT is ₹1.9M making its interest coverage ratio -0.2. It has cash and short-term investments of ₹167.0K.
Key information
12.0%
Debt to equity ratio
₹20.04m
Debt
| Interest coverage ratio | -0.2x |
| Cash | ₹167.00k |
| Equity | ₹167.61m |
| Total liabilities | ₹46.28m |
| Total assets | ₹213.89m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543617's short term assets (₹58.7M) exceed its short term liabilities (₹28.6M).
Long Term Liabilities: 543617's short term assets (₹58.7M) exceed its long term liabilities (₹17.7M).
Debt to Equity History and Analysis
Debt Level: 543617's net debt to equity ratio (11.9%) is considered satisfactory.
Reducing Debt: 543617's debt to equity ratio has reduced from 23.5% to 12% over the past 5 years.
Debt Coverage: 543617's debt is well covered by operating cash flow (55.1%).
Interest Coverage: 543617 earns more interest than it pays, so coverage of interest payments is not a concern.