Rolex Rings Balance Sheet Health
Financial Health criteria checks 6/6
Rolex Rings has a total shareholder equity of ₹8.4B and total debt of ₹404.4M, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are ₹10.6B and ₹2.2B respectively. Rolex Rings's EBIT is ₹2.3B making its interest coverage ratio -112.8. It has cash and short-term investments of ₹518.0M.
Key information
4.8%
Debt to equity ratio
₹404.37m
Debt
| Interest coverage ratio | -112.8x |
| Cash | ₹518.00m |
| Equity | ₹8.38b |
| Total liabilities | ₹2.20b |
| Total assets | ₹10.59b |
Recent financial health updates
No updates
Recent updates
Capital Allocation Trends At Rolex Rings (NSE:ROLEXRINGS) Aren't Ideal
Mar 14
Rolex Rings (NSE:ROLEXRINGS) Is Reinvesting At Lower Rates Of Return
Dec 05Is Now The Time To Put Rolex Rings (NSE:ROLEXRINGS) On Your Watchlist?
Oct 28Is Now The Time To Put Rolex Rings (NSE:ROLEXRINGS) On Your Watchlist?
Apr 04Rolex Rings' (NSE:ROLEXRINGS) Returns On Capital Not Reflecting Well On The Business
Feb 17There Are Reasons To Feel Uneasy About Rolex Rings' (NSE:ROLEXRINGS) Returns On Capital
Sep 14Rolex Rings Limited's (NSE:ROLEXRINGS) Business Is Trailing The Market But Its Shares Aren't
Apr 03We Think That There Are Issues Underlying Rolex Rings' (NSE:ROLEXRINGS) Earnings
Nov 10Financial Position Analysis
Short Term Liabilities: ROLEXRINGS's short term assets (₹5.7B) exceed its short term liabilities (₹1.5B).
Long Term Liabilities: ROLEXRINGS's short term assets (₹5.7B) exceed its long term liabilities (₹662.5M).
Debt to Equity History and Analysis
Debt Level: ROLEXRINGS has more cash than its total debt.
Reducing Debt: ROLEXRINGS's debt to equity ratio has reduced from 206.6% to 4.8% over the past 5 years.
Debt Coverage: ROLEXRINGS's debt is well covered by operating cash flow (536.4%).
Interest Coverage: ROLEXRINGS earns more interest than it pays, so coverage of interest payments is not a concern.