RITES Balance Sheet Health
Financial Health criteria checks 6/6
RITES has a total shareholder equity of ₹26.9B and total debt of ₹47.9M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are ₹57.6B and ₹30.7B respectively. RITES's EBIT is ₹6.0B making its interest coverage ratio -10.6. It has cash and short-term investments of ₹8.9B.
Key information
0.2%
Debt to equity ratio
₹47.90m
Debt
Interest coverage ratio | -10.6x |
Cash | ₹8.87b |
Equity | ₹26.92b |
Total liabilities | ₹30.72b |
Total assets | ₹57.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 541556's short term assets (₹46.6B) exceed its short term liabilities (₹28.5B).
Long Term Liabilities: 541556's short term assets (₹46.6B) exceed its long term liabilities (₹2.2B).
Debt to Equity History and Analysis
Debt Level: 541556 has more cash than its total debt.
Reducing Debt: 541556's debt to equity ratio has reduced from 2.2% to 0.2% over the past 5 years.
Debt Coverage: 541556's debt is well covered by operating cash flow (11859.1%).
Interest Coverage: 541556 earns more interest than it pays, so coverage of interest payments is not a concern.