Rajnandini Metal Balance Sheet Health
Financial Health criteria checks 3/6
Rajnandini Metal has a total shareholder equity of ₹567.1M and total debt of ₹1.0B, which brings its debt-to-equity ratio to 177.1%. Its total assets and total liabilities are ₹1.6B and ₹1.1B respectively. Rajnandini Metal's EBIT is ₹233.0M making its interest coverage ratio 1.8. It has cash and short-term investments of ₹5.7M.
Key information
177.1%
Debt to equity ratio
₹1.00b
Debt
Interest coverage ratio | 1.8x |
Cash | ₹5.70m |
Equity | ₹567.10m |
Total liabilities | ₹1.08b |
Total assets | ₹1.64b |
Recent financial health updates
No updates
Recent updates
Here's Why Rajnandini Metal (NSE:RAJMET) Has Caught The Eye Of Investors
Aug 07Even With A 31% Surge, Cautious Investors Are Not Rewarding Rajnandini Metal Limited's (NSE:RAJMET) Performance Completely
Jul 16We Think You Should Be Aware Of Some Concerning Factors In Rajnandini Metal's (NSE:RAJMET) Earnings
May 21With EPS Growth And More, Rajnandini Metal (NSE:RAJMET) Makes An Interesting Case
Mar 30Rajnandini 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 (₹1.3B) exceed its short term liabilities (₹995.3M).
Long Term Liabilities: RAJMET's short term assets (₹1.3B) exceed its long term liabilities (₹80.5M).
Debt to Equity History and Analysis
Debt Level: RAJMET's net debt to equity ratio (176.1%) is considered high.
Reducing Debt: RAJMET's debt to equity ratio has reduced from 208% to 177.1% 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 not well covered by EBIT (1.8x coverage).