RITES Balance Sheet Health
Financial Health criteria checks 6/6
RITES has a total shareholder equity of ₹27.2B and total debt of ₹80.0M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are ₹56.6B and ₹29.4B respectively. RITES's EBIT is ₹5.3B making its interest coverage ratio 109.4. It has cash and short-term investments of ₹7.8B.
Key information
0.3%
Debt to equity ratio
₹80.00m
Debt
| Interest coverage ratio | 109.4x |
| Cash | ₹7.78b |
| Equity | ₹27.21b |
| Total liabilities | ₹29.41b |
| Total assets | ₹56.61b |
Recent financial health updates
Recent updates
RITES Limited's (NSE:RITES) CEO Compensation Looks Acceptable To Us And Here's Why
Sep 06
RITES (NSE:RITES) Is Due To Pay A Dividend Of ₹5.00
Aug 17RITES (NSE:RITES) Has Announced That Its Dividend Will Be Reduced To ₹2.50
Aug 03A Look At The Intrinsic Value Of RITES Limited (NSE:RITES)
May 26Here's What To Make Of RITES' (NSE:RITES) Decelerating Rates Of Return
Apr 02RITES 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 27Financial Position Analysis
Short Term Liabilities: RITES's short term assets (₹45.1B) exceed its short term liabilities (₹27.4B).
Long Term Liabilities: RITES's short term assets (₹45.1B) exceed its long term liabilities (₹2.0B).
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 2.1% to 0.3% over the past 5 years.
Debt Coverage: RITES's debt is well covered by operating cash flow (5394.5%).
Interest Coverage: RITES's interest payments on its debt are well covered by EBIT (109.4x coverage).