Renaissance Global Balance Sheet Health
Financial Health criteria checks 4/6
Renaissance Global has a total shareholder equity of ₹12.0B and total debt of ₹5.7B, which brings its debt-to-equity ratio to 47.8%. Its total assets and total liabilities are ₹22.3B and ₹10.3B respectively. Renaissance Global's EBIT is ₹1.4B making its interest coverage ratio 2.7. It has cash and short-term investments of ₹2.4B.
Key information
47.8%
Debt to equity ratio
₹5.72b
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹2.44b |
| Equity | ₹11.95b |
| Total liabilities | ₹10.34b |
| Total assets | ₹22.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532923's short term assets (₹19.2B) exceed its short term liabilities (₹8.8B).
Long Term Liabilities: 532923's short term assets (₹19.2B) exceed its long term liabilities (₹1.6B).
Debt to Equity History and Analysis
Debt Level: 532923's net debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: 532923's debt to equity ratio has reduced from 93.4% to 47.8% over the past 5 years.
Debt Coverage: 532923's debt is not well covered by operating cash flow (3.1%).
Interest Coverage: 532923's interest payments on its debt are not well covered by EBIT (2.7x coverage).