Rappid Valves (India) Balance Sheet Health
Financial Health criteria checks 5/6
Rappid Valves (India) has a total shareholder equity of ₹417.8M and total debt of ₹146.3M, which brings its debt-to-equity ratio to 35%. Its total assets and total liabilities are ₹659.6M and ₹241.7M respectively. Rappid Valves (India)'s EBIT is ₹94.3M making its interest coverage ratio 8.8. It has cash and short-term investments of ₹307.2M.
Key information
35.0%
Debt to equity ratio
₹146.30m
Debt
| Interest coverage ratio | 8.8x |
| Cash | ₹307.19m |
| Equity | ₹417.82m |
| Total liabilities | ₹241.73m |
| Total assets | ₹659.55m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAPPID's short term assets (₹586.2M) exceed its short term liabilities (₹239.6M).
Long Term Liabilities: RAPPID's short term assets (₹586.2M) exceed its long term liabilities (₹2.1M).
Debt to Equity History and Analysis
Debt Level: RAPPID has more cash than its total debt.
Reducing Debt: RAPPID had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: RAPPID's debt is not well covered by operating cash flow (5.2%).
Interest Coverage: RAPPID's interest payments on its debt are well covered by EBIT (8.8x coverage).