Rishi Techtex Balance Sheet Health
Financial Health criteria checks 3/6
Rishi Techtex has a total shareholder equity of ₹311.6M and total debt of ₹242.5M, which brings its debt-to-equity ratio to 77.8%. Its total assets and total liabilities are ₹745.9M and ₹434.4M respectively. Rishi Techtex's EBIT is ₹41.3M making its interest coverage ratio 1.7. It has cash and short-term investments of ₹9.1M.
Key information
77.8%
Debt to equity ratio
₹242.54m
Debt
Interest coverage ratio | 1.7x |
Cash | ₹9.12m |
Equity | ₹311.56m |
Total liabilities | ₹434.39m |
Total assets | ₹745.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523021's short term assets (₹491.0M) exceed its short term liabilities (₹351.2M).
Long Term Liabilities: 523021's short term assets (₹491.0M) exceed its long term liabilities (₹83.1M).
Debt to Equity History and Analysis
Debt Level: 523021's net debt to equity ratio (74.9%) is considered high.
Reducing Debt: 523021's debt to equity ratio has increased from 72.4% to 77.8% over the past 5 years.
Debt Coverage: 523021's debt is well covered by operating cash flow (31.1%).
Interest Coverage: 523021's interest payments on its debt are not well covered by EBIT (1.7x coverage).