Rajnandini Metal Balance Sheet Health
Financial Health criteria checks 4/6
Rajnandini Metal has a total shareholder equity of ₹525.8M and total debt of ₹974.1M, which brings its debt-to-equity ratio to 185.3%. Its total assets and total liabilities are ₹1.8B and ₹1.3B respectively. Rajnandini Metal's EBIT is ₹286.6M making its interest coverage ratio 4.4. It has cash and short-term investments of ₹6.2M.
Key information
185.3%
Debt to equity ratio
₹974.10m
Debt
| Interest coverage ratio | 4.4x |
| Cash | ₹6.20m |
| Equity | ₹525.80m |
| Total liabilities | ₹1.26b |
| Total assets | ₹1.78b |
Recent financial health updates
No updates
Recent updates
With EPS Growth And More, Rajnandini Metal (NSE:RAJMET) Makes An Interesting Case
Mar 30
Rajnandini Metal Limited (NSE:RAJMET) Might Not Be As Mispriced As It Looks After Plunging 26%
Feb 29Rajnandini Metal Limited (NSE:RAJMET) Soars 39% But It's A Story Of Risk Vs Reward
Jan 02A Look At The Fair Value Of Rajnandini Metal Limited (NSE:RAJMET)
Feb 02We Ran A Stock Scan For Earnings Growth And Rajnandini Metal (NSE:RAJMET) Passed With Ease
Jan 05Rajnandini Metal's (NSE:RAJMET) Promising Earnings May Rest On Soft Foundations
May 05I Ran A Stock Scan For Earnings Growth And Rajnandini Metal (NSE:RAJMET) Passed With Ease
Feb 15Is Now The Time To Put Rajnandini Metal (NSE:RAJMET) On Your Watchlist?
Aug 31Can Rajnandini Metal Limited's (NSE:RAJMET) ROE Continue To Surpass The Industry Average?
Jan 31Financial Position Analysis
Short Term Liabilities: RAJMET's short term assets (₹1.4B) exceed its short term liabilities (₹1.1B).
Long Term Liabilities: RAJMET's short term assets (₹1.4B) exceed its long term liabilities (₹107.7M).
Debt to Equity History and Analysis
Debt Level: RAJMET's net debt to equity ratio (184.1%) is considered high.
Reducing Debt: RAJMET's debt to equity ratio has reduced from 204.2% to 185.3% over the past 5 years.
Debt Coverage: RAJMET's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RAJMET's interest payments on its debt are well covered by EBIT (4.4x coverage).