Riba Textiles Balance Sheet Health
Financial Health criteria checks 4/6
Riba Textiles has a total shareholder equity of ₹894.0M and total debt of ₹676.8M, which brings its debt-to-equity ratio to 75.7%. Its total assets and total liabilities are ₹1.8B and ₹896.9M respectively. Riba Textiles's EBIT is ₹149.4M making its interest coverage ratio 3.2. It has cash and short-term investments of ₹47.7M.
Key information
75.7%
Debt to equity ratio
₹676.81m
Debt
Interest coverage ratio | 3.2x |
Cash | ₹47.70m |
Equity | ₹893.97m |
Total liabilities | ₹896.85m |
Total assets | ₹1.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531952's short term assets (₹826.3M) exceed its short term liabilities (₹619.9M).
Long Term Liabilities: 531952's short term assets (₹826.3M) exceed its long term liabilities (₹277.0M).
Debt to Equity History and Analysis
Debt Level: 531952's net debt to equity ratio (70.4%) is considered high.
Reducing Debt: 531952's debt to equity ratio has increased from 73.6% to 75.7% over the past 5 years.
Debt Coverage: 531952's debt is well covered by operating cash flow (29.6%).
Interest Coverage: 531952's interest payments on its debt are well covered by EBIT (3.2x coverage).