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
Recent updates
Here's What To Make Of RITES' (NSE:RITES) Decelerating Rates Of Return
Apr 02
RITES Limited's (NSE:RITES) 32% Price Boost Is Out Of Tune With Earnings
Feb 23Revenue Beat: RITES Limited Beat Analyst Estimates By 6.1%
Feb 05RITES Limited's (NSE:RITES) Low P/E No Reason For Excitement
Jan 05Return Trends At RITES (NSE:RITES) Aren't Appealing
Dec 12Calculating The Intrinsic Value Of RITES Limited (NSE:RITES)
Oct 28The Trend Of High Returns At RITES (NSE:RITES) Has Us Very Interested
Aug 31RITES' (NSE:RITES) Dividend Is Being Reduced To ₹3.75
Jul 31A Look At The Fair Value Of RITES Limited (NSE:RITES)
Jul 13RITES (NSE:RITES) Is Achieving High Returns On Its Capital
May 01Calculating The Intrinsic Value Of RITES Limited (NSE:RITES)
Apr 05RITES (NSE:RITES) Is Paying Out A Larger Dividend Than Last Year
Nov 17The Trend Of High Returns At RITES (NSE:RITES) Has Us Very Interested
Nov 01Is RITES (NSE:RITES) A Risky Investment?
Sep 30RITES (NSE:RITES) Is Achieving High Returns On Its Capital
Jul 23Earnings Update: RITES Limited Beat Earnings And Now Analysts Have New Forecasts For This Year
May 27Are Investors Undervaluing RITES Limited (NSE:RITES) By 49%?
May 13RITES (NSE:RITES) Knows How To Allocate Capital Effectively
Jan 06Robust Earnings May Not Tell The Whole Story For RITES (NSE:RITES)
Nov 18Investors Met With Slowing Returns on Capital At RITES (NSE:RITES)
Oct 06Is RITES (NSE:RITES) A Risky Investment?
Sep 02Estimating The Fair Value Of RITES Limited (NSE:RITES)
Jun 07Is RITES Limited (NSE:RITES) At Risk Of Cutting Its Dividend?
May 11RITES (NSE:RITES) Has More To Do To Multiply In Value Going Forward
Apr 09Financial Position Analysis
Short Term Liabilities: RITES's short term assets (₹46.6B) exceed its short term liabilities (₹28.5B).
Long Term Liabilities: RITES's short term assets (₹46.6B) exceed its long term liabilities (₹2.2B).
Debt to Equity History and Analysis
Debt Level: RITES has more cash than its total debt.
Reducing Debt: RITES's debt to equity ratio has reduced from 2.2% to 0.2% over the past 5 years.
Debt Coverage: RITES's debt is well covered by operating cash flow (11859.1%).
Interest Coverage: RITES earns more interest than it pays, so coverage of interest payments is not a concern.