Race Eco Chain Balance Sheet Health
Financial Health criteria checks 2/6
Race Eco Chain has a total shareholder equity of ₹217.2M and total debt of ₹321.7M, which brings its debt-to-equity ratio to 148.1%. Its total assets and total liabilities are ₹638.1M and ₹420.9M respectively. Race Eco Chain's EBIT is ₹49.4M making its interest coverage ratio 2.8. It has cash and short-term investments of ₹63.0M.
Key information
148.1%
Debt to equity ratio
₹321.71m
Debt
Interest coverage ratio | 2.8x |
Cash | ₹63.02m |
Equity | ₹217.22m |
Total liabilities | ₹420.91m |
Total assets | ₹638.13m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 537785's short term assets (₹591.3M) exceed its short term liabilities (₹418.9M).
Long Term Liabilities: 537785's short term assets (₹591.3M) exceed its long term liabilities (₹2.0M).
Debt to Equity History and Analysis
Debt Level: 537785's net debt to equity ratio (119.1%) is considered high.
Reducing Debt: 537785's debt to equity ratio has increased from 40.6% to 148.1% over the past 5 years.
Debt Coverage: 537785's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 537785's interest payments on its debt are not well covered by EBIT (2.8x coverage).