Elgi Rubber Balance Sheet Health
Financial Health criteria checks 2/6
Elgi Rubber has a total shareholder equity of ₹2.0B and total debt of ₹2.9B, which brings its debt-to-equity ratio to 144.6%. Its total assets and total liabilities are ₹5.6B and ₹3.6B respectively. Elgi Rubber's EBIT is ₹72.2M making its interest coverage ratio 0.2. It has cash and short-term investments of ₹283.5M.
Key information
144.6%
Debt to equity ratio
₹2.89b
Debt
| Interest coverage ratio | 0.2x |
| Cash | ₹283.49m |
| Equity | ₹2.00b |
| Total liabilities | ₹3.62b |
| Total assets | ₹5.61b |
Recent financial health updates
Here's Why Elgi Rubber (NSE:ELGIRUBCO) Is Weighed Down By Its Debt Load
Jul 26
Is Elgi Rubber (NSE:ELGIRUBCO) Using Too Much Debt?
Jun 17Is Elgi Rubber (NSE:ELGIRUBCO) A Risky Investment?
Jan 11Elgi Rubber (NSE:ELGIRUBCO) Has A Somewhat Strained Balance Sheet
Sep 01Is Elgi Rubber (NSE:ELGIRUBCO) A Risky Investment?
Dec 11Recent updates
We Think You Should Be Aware Of Some Concerning Factors In Elgi Rubber's (NSE:ELGIRUBCO) Earnings
Nov 22Elgi Rubber (NSE:ELGIRUBCO) Might Have The Makings Of A Multi-Bagger
Sep 15Here's Why Elgi Rubber (NSE:ELGIRUBCO) Is Weighed Down By Its Debt Load
Jul 26Is Elgi Rubber (NSE:ELGIRUBCO) Using Too Much Debt?
Jun 17Is Elgi Rubber (NSE:ELGIRUBCO) A Risky Investment?
Jan 11Elgi Rubber (NSE:ELGIRUBCO) Has A Somewhat Strained Balance Sheet
Sep 01Could Elgi Rubber Company Limited (NSE:ELGIRUBCO) Have The Makings Of Another Dividend Aristocrat?
Apr 30Should You Take Comfort From Insider Transactions At Elgi Rubber Company Limited (NSE:ELGIRUBCO)?
Feb 28What Can We Conclude About Elgi Rubber's (NSE:ELGIRUBCO) CEO Pay?
Feb 02Is Elgi Rubber Company Limited (NSE:ELGIRUBCO) A Good Fit For Your Dividend Portfolio?
Jan 06
Is Elgi Rubber (NSE:ELGIRUBCO) A Risky Investment?
Dec 11Financial Position Analysis
Short Term Liabilities: ELGIRUBCO's short term assets (₹2.3B) do not cover its short term liabilities (₹2.7B).
Long Term Liabilities: ELGIRUBCO's short term assets (₹2.3B) exceed its long term liabilities (₹956.3M).
Debt to Equity History and Analysis
Debt Level: ELGIRUBCO's net debt to equity ratio (130.4%) is considered high.
Reducing Debt: ELGIRUBCO's debt to equity ratio has increased from 123.9% to 144.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ELGIRUBCO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ELGIRUBCO has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 17.6% each year