Reliable Data Services Balance Sheet Health
Financial Health criteria checks 3/6
Reliable Data Services has a total shareholder equity of ₹541.1M and total debt of ₹291.0M, which brings its debt-to-equity ratio to 53.8%. Its total assets and total liabilities are ₹1.1B and ₹604.1M respectively. Reliable Data Services's EBIT is ₹94.1M making its interest coverage ratio 3.9. It has cash and short-term investments of ₹14.8M.
Key information
53.8%
Debt to equity ratio
₹291.04m
Debt
| Interest coverage ratio | 3.9x |
| Cash | ₹14.80m |
| Equity | ₹541.12m |
| Total liabilities | ₹604.09m |
| Total assets | ₹1.15b |
Recent financial health updates
Is Reliable Data Services (NSE:RELIABLE) Using Too Much Debt?
Dec 03
Reliable Data Services (NSE:RELIABLE) Seems To Use Debt Quite Sensibly
Jul 06Here's Why Reliable Data Services (NSE:RELIABLE) Has A Meaningful Debt Burden
Jan 21These 4 Measures Indicate That Reliable Data Services (NSE:RELIABLE) Is Using Debt Extensively
Jan 14Recent updates
Reliable Data Services Limited (NSE:RELIABLE) Doing What It Can To Lift Shares
Dec 20Is Reliable Data Services (NSE:RELIABLE) Using Too Much Debt?
Dec 03Reliable Data Services (NSE:RELIABLE) Seems To Use Debt Quite Sensibly
Jul 06Here's Why Reliable Data Services (NSE:RELIABLE) Has A Meaningful Debt Burden
Jan 21These 4 Measures Indicate That Reliable Data Services (NSE:RELIABLE) Is Using Debt Extensively
Jan 14Financial Position Analysis
Short Term Liabilities: RELIABLE's short term assets (₹657.2M) exceed its short term liabilities (₹515.0M).
Long Term Liabilities: RELIABLE's short term assets (₹657.2M) exceed its long term liabilities (₹89.1M).
Debt to Equity History and Analysis
Debt Level: RELIABLE's net debt to equity ratio (51%) is considered high.
Reducing Debt: RELIABLE's debt to equity ratio has increased from 28.3% to 53.8% over the past 5 years.
Debt Coverage: RELIABLE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RELIABLE's interest payments on its debt are well covered by EBIT (3.9x coverage).