Rolex Rings Balance Sheet Health
Financial Health criteria checks 6/6
Rolex Rings has a total shareholder equity of ₹9.0B and total debt of ₹180.2M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are ₹11.2B and ₹2.2B respectively. Rolex Rings's EBIT is ₹2.1B making its interest coverage ratio 77.5. It has cash and short-term investments of ₹1.4B.
Key information
2.0%
Debt to equity ratio
₹180.21m
Debt
| Interest coverage ratio | 77.5x |
| Cash | ₹1.36b |
| Equity | ₹8.98b |
| Total liabilities | ₹2.23b |
| Total assets | ₹11.21b |
Recent financial health updates
Recent updates
Here's Why Rolex Rings (NSE:ROLEXRINGS) Can Manage Its Debt Responsibly
Jul 20
Rolex Rings' (NSE:ROLEXRINGS) Soft Earnings Are Actually Better Than They Appear
May 27Rolex Rings Limited (NSE:ROLEXRINGS) Stocks Shoot Up 37% But Its P/E Still Looks Reasonable
May 22Capital Allocation Trends At Rolex Rings (NSE:ROLEXRINGS) Aren't Ideal
Mar 14Rolex 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 (₹6.2B) exceed its short term liabilities (₹1.6B).
Long Term Liabilities: ROLEXRINGS's short term assets (₹6.2B) exceed its long term liabilities (₹614.2M).
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 178.9% to 2% over the past 5 years.
Debt Coverage: ROLEXRINGS's debt is well covered by operating cash flow (1228.8%).
Interest Coverage: ROLEXRINGS's interest payments on its debt are well covered by EBIT (77.5x coverage).