Rappid Valves (India) Balance Sheet Health
Financial Health criteria checks 4/6
Rappid Valves (India) has a total shareholder equity of ₹122.2M and total debt of ₹109.8M, which brings its debt-to-equity ratio to 89.9%. Its total assets and total liabilities are ₹299.4M and ₹177.2M respectively. Rappid Valves (India)'s EBIT is ₹68.5M making its interest coverage ratio 6.1. It has cash and short-term investments of ₹15.8M.
Key information
89.9%
Debt to equity ratio
₹109.83m
Debt
| Interest coverage ratio | 6.1x |
| Cash | ₹15.83m |
| Equity | ₹122.20m |
| Total liabilities | ₹177.24m |
| Total assets | ₹299.44m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: RAPPID's short term assets (₹230.9M) exceed its short term liabilities (₹156.2M).
Long Term Liabilities: RAPPID's short term assets (₹230.9M) exceed its long term liabilities (₹21.0M).
Debt to Equity History and Analysis
Debt Level: RAPPID's net debt to equity ratio (76.9%) is considered high.
Reducing Debt: RAPPID had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: RAPPID's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RAPPID's interest payments on its debt are well covered by EBIT (6.1x coverage).