Reliable Data Services Balance Sheet Health
Financial Health criteria checks 2/6
Reliable Data Services has a total shareholder equity of ₹623.9M and total debt of ₹382.4M, which brings its debt-to-equity ratio to 61.3%. Its total assets and total liabilities are ₹1.7B and ₹1.1B respectively. Reliable Data Services's EBIT is ₹108.1M making its interest coverage ratio 3. It has cash and short-term investments of ₹60.6M.
Key information
61.3%
Debt to equity ratio
₹382.43m
Debt
| Interest coverage ratio | 3x |
| Cash | ₹60.64m |
| Equity | ₹623.90m |
| Total liabilities | ₹1.08b |
| Total assets | ₹1.70b |
Recent financial health updates
Is Reliable Data Services (NSE:RELIABLE) Using Too Much Debt?
Aug 02
Is 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 14Recent updates
Investors Still Aren't Entirely Convinced By Reliable Data Services Limited's (NSE:RELIABLE) Earnings Despite 81% Price Jump
Aug 11Is Reliable Data Services (NSE:RELIABLE) Using Too Much Debt?
Aug 02Investors Continue Waiting On Sidelines For Reliable Data Services Limited (NSE:RELIABLE)
Jun 27Reliable 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 (₹1.1B) exceed its short term liabilities (₹923.4M).
Long Term Liabilities: RELIABLE's short term assets (₹1.1B) exceed its long term liabilities (₹152.5M).
Debt to Equity History and Analysis
Debt Level: RELIABLE's net debt to equity ratio (51.6%) is considered high.
Reducing Debt: RELIABLE's debt to equity ratio has increased from 29.6% to 61.3% 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 not well covered by EBIT (3x coverage).