Ruby Mills Balance Sheet Health
Financial Health criteria checks 5/6
Ruby Mills has a total shareholder equity of ₹6.1B and total debt of ₹2.1B, which brings its debt-to-equity ratio to 34.2%. Its total assets and total liabilities are ₹8.8B and ₹2.8B respectively. Ruby Mills's EBIT is ₹417.3M making its interest coverage ratio -8. It has cash and short-term investments of ₹1.7B.
Key information
34.2%
Debt to equity ratio
₹2.07b
Debt
| Interest coverage ratio | -8x |
| Cash | ₹1.69b |
| Equity | ₹6.06b |
| Total liabilities | ₹2.78b |
| Total assets | ₹8.84b |
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 (₹864.6M).
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 (6.3%) is considered satisfactory.
Reducing Debt: 503169's debt to equity ratio has reduced from 81.4% to 34.2% over the past 5 years.
Debt Coverage: 503169's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 503169 earns more interest than it pays, so coverage of interest payments is not a concern.