Rex Pipes and Cables Industries Balance Sheet Health
Financial Health criteria checks 3/6
Rex Pipes and Cables Industries has a total shareholder equity of ₹330.0M and total debt of ₹360.6M, which brings its debt-to-equity ratio to 109.3%. Its total assets and total liabilities are ₹818.5M and ₹488.5M respectively. Rex Pipes and Cables Industries's EBIT is ₹84.4M making its interest coverage ratio 2.9. It has cash and short-term investments of ₹7.2M.
Key information
109.3%
Debt to equity ratio
₹360.62m
Debt
| Interest coverage ratio | 2.9x |
| Cash | ₹7.25m |
| Equity | ₹330.03m |
| Total liabilities | ₹488.46m |
| Total assets | ₹818.48m |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Rex Pipes and Cables Industries (NSE:REXPIPES) Is Using Debt Reasonably Well
Jul 14
Rex Pipes and Cables Industries Limited (NSE:REXPIPES) Screens Well But There Might Be A Catch
Jun 17Do Rex Pipes and Cables Industries' (NSE:REXPIPES) Earnings Warrant Your Attention?
Mar 15With EPS Growth And More, Rex Pipes and Cables Industries (NSE:REXPIPES) Makes An Interesting Case
Nov 03If EPS Growth Is Important To You, Rex Pipes and Cables Industries (NSE:REXPIPES) Presents An Opportunity
Apr 29A Look At The Fair Value Of Rex Pipes and Cables Industries Limited (NSE:REXPIPES)
Feb 23Financial Position Analysis
Short Term Liabilities: REXPIPES's short term assets (₹700.9M) exceed its short term liabilities (₹476.0M).
Long Term Liabilities: REXPIPES's short term assets (₹700.9M) exceed its long term liabilities (₹12.5M).
Debt to Equity History and Analysis
Debt Level: REXPIPES's net debt to equity ratio (107.1%) is considered high.
Reducing Debt: REXPIPES's debt to equity ratio has reduced from 143.6% to 109.3% over the past 5 years.
Debt Coverage: REXPIPES's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: REXPIPES's interest payments on its debt are not well covered by EBIT (2.9x coverage).