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 ratio | 2.9x |
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).