Ruby Mills Balance Sheet Health
Financial Health criteria checks 6/6
Ruby Mills has a total shareholder equity of ₹6.0B and total debt of ₹2.1B, which brings its debt-to-equity ratio to 35.6%. Its total assets and total liabilities are ₹8.7B and ₹2.7B respectively. Ruby Mills's EBIT is ₹486.1M making its interest coverage ratio 9.4. It has cash and short-term investments of ₹784.6M.
Key information
35.6%
Debt to equity ratio
₹2.13b
Debt
| Interest coverage ratio | 9.4x |
| Cash | ₹784.61m |
| Equity | ₹6.00b |
| Total liabilities | ₹2.75b |
| Total assets | ₹8.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 503169's short term assets (₹2.8B) exceed its short term liabilities (₹811.0M).
Long Term Liabilities: 503169's short term assets (₹2.8B) exceed its long term liabilities (₹1.9B).
Debt to Equity History and Analysis
Debt Level: 503169's net debt to equity ratio (22.5%) is considered satisfactory.
Reducing Debt: 503169's debt to equity ratio has reduced from 86.3% to 35.6% over the past 5 years.
Debt Coverage: 503169's debt is well covered by operating cash flow (23.4%).
Interest Coverage: 503169's interest payments on its debt are well covered by EBIT (9.4x coverage).