Riddhi Corporate Services Limited

BSE:540590 Stock Report

Market Cap: ₹705.7m

Riddhi Services Balance Sheet Health

Financial Health criteria checks 2/6

Riddhi Services has a total shareholder equity of ₹591.4M and total debt of ₹147.2M, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are ₹1.9B and ₹1.3B respectively. Riddhi Services's EBIT is ₹144.5M making its interest coverage ratio 2.9. It has cash and short-term investments of ₹96.2M.

Key information

24.9%

Debt to equity ratio

₹147.21m

Debt

Interest coverage ratio2.9x
Cash₹96.18m
Equity₹591.39m
Total liabilities₹1.32b
Total assets₹1.92b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 540590's short term assets (₹572.3M) exceed its short term liabilities (₹566.1M).

Long Term Liabilities: 540590's short term assets (₹572.3M) do not cover its long term liabilities (₹757.6M).


Debt to Equity History and Analysis

Debt Level: 540590's net debt to equity ratio (8.6%) is considered satisfactory.

Reducing Debt: 540590's debt to equity ratio has increased from 22.8% to 24.9% over the past 5 years.

Debt Coverage: 540590's debt is not well covered by operating cash flow (11.4%).

Interest Coverage: 540590's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


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