Ram Ratna Wires Balance Sheet Health
Financial Health criteria checks 5/6
Ram Ratna Wires has a total shareholder equity of ₹4.3B and total debt of ₹2.3B, which brings its debt-to-equity ratio to 52.7%. Its total assets and total liabilities are ₹9.5B and ₹5.2B respectively. Ram Ratna Wires's EBIT is ₹993.0M making its interest coverage ratio 2.5. It has cash and short-term investments of ₹665.5M.
Key information
52.7%
Debt to equity ratio
₹2.28b
Debt
| Interest coverage ratio | 2.5x |
| Cash | ₹665.52m |
| Equity | ₹4.32b |
| Total liabilities | ₹5.21b |
| Total assets | ₹9.53b |
Recent financial health updates
No updates
Recent updates
Ram Ratna Wires (NSE:RAMRAT) Ticks All The Boxes When It Comes To Earnings Growth
Jun 12
Investors Still Aren't Entirely Convinced By Ram Ratna Wires Limited's (NSE:RAMRAT) Earnings Despite 30% Price Jump
Apr 18Ram Ratna Wires (NSE:RAMRAT) Has Affirmed Its Dividend Of ₹2.50
Aug 31Ram Ratna Wires (NSE:RAMRAT) Will Pay A Dividend Of ₹2.50
Aug 17Ram Ratna Wires (NSE:RAMRAT) Is Due To Pay A Dividend Of ₹2.50
Aug 03Ram Ratna Wires (NSE:RAMRAT) Has Affirmed Its Dividend Of ₹2.50
Jul 03Ram Ratna Wires' (NSE:RAMRAT) Dividend Will Be ₹2.50
May 30Ram Ratna Wires Limited (NSE:RAMRAT) Soars 34% But It's A Story Of Risk Vs Reward
Aug 29Financial Position Analysis
Short Term Liabilities: RAMRAT's short term assets (₹6.5B) exceed its short term liabilities (₹4.0B).
Long Term Liabilities: RAMRAT's short term assets (₹6.5B) exceed its long term liabilities (₹1.2B).
Debt to Equity History and Analysis
Debt Level: RAMRAT's net debt to equity ratio (37.3%) is considered satisfactory.
Reducing Debt: RAMRAT's debt to equity ratio has reduced from 165.4% to 52.7% over the past 5 years.
Debt Coverage: RAMRAT's debt is well covered by operating cash flow (60.8%).
Interest Coverage: RAMRAT's interest payments on its debt are not well covered by EBIT (2.5x coverage).