Race Eco Chain Balance Sheet Health
Financial Health criteria checks 4/6
Race Eco Chain has a total shareholder equity of ₹728.8M and total debt of ₹215.5M, which brings its debt-to-equity ratio to 29.6%. Its total assets and total liabilities are ₹1.1B and ₹359.5M respectively. Race Eco Chain's EBIT is ₹49.3M making its interest coverage ratio 1.7. It has cash and short-term investments of ₹258.6M.
Key information
29.6%
Debt to equity ratio
₹215.50m
Debt
| Interest coverage ratio | 1.7x |
| Cash | ₹258.60m |
| Equity | ₹728.79m |
| Total liabilities | ₹359.48m |
| Total assets | ₹1.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 537785's short term assets (₹901.7M) exceed its short term liabilities (₹349.2M).
Long Term Liabilities: 537785's short term assets (₹901.7M) exceed its long term liabilities (₹10.2M).
Debt to Equity History and Analysis
Debt Level: 537785 has more cash than its total debt.
Reducing Debt: 537785's debt to equity ratio has reduced from 54.1% to 29.6% 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 (1.7x coverage).