Reliable Data Services Balance Sheet Health
Financial Health criteria checks 3/6
Reliable Data Services has a total shareholder equity of ₹594.9M and total debt of ₹381.2M, which brings its debt-to-equity ratio to 64.1%. Its total assets and total liabilities are ₹1.2B and ₹633.5M respectively. Reliable Data Services's EBIT is ₹105.0M making its interest coverage ratio 3.2. It has cash and short-term investments of ₹71.6M.
Key information
64.1%
Debt to equity ratio
₹381.20m
Debt
| Interest coverage ratio | 3.2x |
| Cash | ₹71.59m |
| Equity | ₹594.89m |
| Total liabilities | ₹633.53m |
| Total assets | ₹1.23b |
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 (₹734.6M) exceed its short term liabilities (₹462.8M).
Long Term Liabilities: RELIABLE's short term assets (₹734.6M) exceed its long term liabilities (₹170.7M).
Debt to Equity History and Analysis
Debt Level: RELIABLE's net debt to equity ratio (52%) is considered high.
Reducing Debt: RELIABLE's debt to equity ratio has increased from 29.6% to 64.1% 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 (3.2x coverage).