Texmaco Rail & Engineering Balance Sheet Health
Financial Health criteria checks 2/6
Texmaco Rail & Engineering has a total shareholder equity of ₹14.2B and total debt of ₹10.9B, which brings its debt-to-equity ratio to 76.5%. Its total assets and total liabilities are ₹35.0B and ₹20.8B respectively. Texmaco Rail & Engineering's EBIT is ₹1.9B making its interest coverage ratio 1.9. It has cash and short-term investments of ₹1.4B.
Key information
76.5%
Debt to equity ratio
₹10.89b
Debt
| Interest coverage ratio | 1.9x |
| Cash | ₹1.39b |
| Equity | ₹14.23b |
| Total liabilities | ₹20.75b |
| Total assets | ₹34.98b |
Recent financial health updates
Recent updates
Is Now The Time To Put Texmaco Rail & Engineering (NSE:TEXRAIL) On Your Watchlist?
Feb 08
It's A Story Of Risk Vs Reward With Texmaco Rail & Engineering Limited (NSE:TEXRAIL)
Jan 16Is Now The Time To Put Texmaco Rail & Engineering (NSE:TEXRAIL) On Your Watchlist?
Oct 24Texmaco Rail & Engineering (NSE:TEXRAIL) Is Experiencing Growth In Returns On Capital
Jul 25Texmaco Rail & Engineering (NSE:TEXRAIL) Is Doing The Right Things To Multiply Its Share Price
Apr 25Returns At Texmaco Rail & Engineering (NSE:TEXRAIL) Appear To Be Weighed Down
Dec 26Texmaco Rail & Engineering (NSE:TEXRAIL) Has Announced A Dividend Of ₹0.10
Sep 08Texmaco Rail & Engineering (NSE:TEXRAIL) Shareholders Will Want The ROCE Trajectory To Continue
Aug 11Texmaco Rail & Engineering (NSE:TEXRAIL) Has A Somewhat Strained Balance Sheet
May 26Texmaco Rail & Engineering's (NSE:TEXRAIL) Solid Profits Have Weak Fundamentals
Nov 21Financial Position Analysis
Short Term Liabilities: TEXRAIL's short term assets (₹28.0B) exceed its short term liabilities (₹17.7B).
Long Term Liabilities: TEXRAIL's short term assets (₹28.0B) exceed its long term liabilities (₹3.1B).
Debt to Equity History and Analysis
Debt Level: TEXRAIL's net debt to equity ratio (66.8%) is considered high.
Reducing Debt: TEXRAIL's debt to equity ratio has increased from 50.1% to 76.5% over the past 5 years.
Debt Coverage: TEXRAIL's debt is not well covered by operating cash flow (2.8%).
Interest Coverage: TEXRAIL's interest payments on its debt are not well covered by EBIT (1.9x coverage).