Raymond Balance Sheet Health
Financial Health criteria checks 4/6
Raymond has a total shareholder equity of ₹42.2B and total debt of ₹34.4B, which brings its debt-to-equity ratio to 81.5%. Its total assets and total liabilities are ₹105.1B and ₹62.9B respectively. Raymond's EBIT is ₹9.6B making its interest coverage ratio 3.4. It has cash and short-term investments of ₹15.5B.
Key information
81.5%
Debt to equity ratio
₹34.36b
Debt
Interest coverage ratio | 3.4x |
Cash | ₹15.54b |
Equity | ₹42.16b |
Total liabilities | ₹62.94b |
Total assets | ₹105.10b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500330's short term assets (₹61.7B) exceed its short term liabilities (₹34.9B).
Long Term Liabilities: 500330's short term assets (₹61.7B) exceed its long term liabilities (₹28.1B).
Debt to Equity History and Analysis
Debt Level: 500330's net debt to equity ratio (44.7%) is considered high.
Reducing Debt: 500330's debt to equity ratio has reduced from 118.2% to 81.5% over the past 5 years.
Debt Coverage: 500330's debt is not well covered by operating cash flow (18.1%).
Interest Coverage: 500330's interest payments on its debt are well covered by EBIT (3.4x coverage).