Rishi Techtex Balance Sheet Health
Financial Health criteria checks 3/6
Rishi Techtex has a total shareholder equity of ₹327.6M and total debt of ₹241.9M, which brings its debt-to-equity ratio to 73.8%. Its total assets and total liabilities are ₹755.8M and ₹428.2M respectively. Rishi Techtex's EBIT is ₹52.2M making its interest coverage ratio 2.2. It has cash and short-term investments of ₹14.1M.
Key information
73.8%
Debt to equity ratio
₹241.89m
Debt
| Interest coverage ratio | 2.2x |
| Cash | ₹14.13m |
| Equity | ₹327.63m |
| Total liabilities | ₹428.21m |
| Total assets | ₹755.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523021's short term assets (₹518.8M) exceed its short term liabilities (₹369.2M).
Long Term Liabilities: 523021's short term assets (₹518.8M) exceed its long term liabilities (₹59.0M).
Debt to Equity History and Analysis
Debt Level: 523021's net debt to equity ratio (69.5%) is considered high.
Reducing Debt: 523021's debt to equity ratio has increased from 73.1% to 73.8% over the past 5 years.
Debt Coverage: 523021's debt is well covered by operating cash flow (25.9%).
Interest Coverage: 523021's interest payments on its debt are not well covered by EBIT (2.2x coverage).