Reliance Chemotex Industries Balance Sheet Health
Financial Health criteria checks 0/6
Reliance Chemotex Industries has a total shareholder equity of ₹1.4B and total debt of ₹2.6B, which brings its debt-to-equity ratio to 196.2%. Its total assets and total liabilities are ₹4.7B and ₹3.4B respectively. Reliance Chemotex Industries's EBIT is ₹151.7M making its interest coverage ratio 1.4. It has cash and short-term investments of ₹228.1M.
Key information
196.2%
Debt to equity ratio
₹2.65b
Debt
| Interest coverage ratio | 1.4x |
| Cash | ₹228.07m |
| Equity | ₹1.35b |
| Total liabilities | ₹3.40b |
| Total assets | ₹4.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 503162's short term assets (₹1.5B) do not cover its short term liabilities (₹1.6B).
Long Term Liabilities: 503162's short term assets (₹1.5B) do not cover its long term liabilities (₹1.8B).
Debt to Equity History and Analysis
Debt Level: 503162's net debt to equity ratio (179.3%) is considered high.
Reducing Debt: 503162's debt to equity ratio has increased from 56.3% to 196.2% over the past 5 years.
Debt Coverage: 503162's debt is not well covered by operating cash flow (7%).
Interest Coverage: 503162's interest payments on its debt are not well covered by EBIT (1.4x coverage).