Relaxo Footwears Balance Sheet Health
Financial Health criteria checks 6/6
Relaxo Footwears has a total shareholder equity of ₹20.1B and total debt of ₹12.4M, which brings its debt-to-equity ratio to 0.06%. Its total assets and total liabilities are ₹27.2B and ₹7.1B respectively. Relaxo Footwears's EBIT is ₹2.4B making its interest coverage ratio 36.7. It has cash and short-term investments of ₹1.5B.
Key information
0.06%
Debt to equity ratio
₹12.40m
Debt
| Interest coverage ratio | 36.7x |
| Cash | ₹1.50b |
| Equity | ₹20.11b |
| Total liabilities | ₹7.12b |
| Total assets | ₹27.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530517's short term assets (₹12.2B) exceed its short term liabilities (₹5.0B).
Long Term Liabilities: 530517's short term assets (₹12.2B) exceed its long term liabilities (₹2.1B).
Debt to Equity History and Analysis
Debt Level: 530517 has more cash than its total debt.
Reducing Debt: 530517's debt to equity ratio has reduced from 6% to 0.06% over the past 5 years.
Debt Coverage: 530517's debt is well covered by operating cash flow (19701.6%).
Interest Coverage: 530517's interest payments on its debt are well covered by EBIT (36.7x coverage).