Renaissance Global Balance Sheet Health
Financial Health criteria checks 5/6
Renaissance Global has a total shareholder equity of ₹10.8B and total debt of ₹6.7B, which brings its debt-to-equity ratio to 61.8%. Its total assets and total liabilities are ₹20.4B and ₹9.7B respectively. Renaissance Global's EBIT is ₹1.5B making its interest coverage ratio 3.2. It has cash and short-term investments of ₹2.0B.
Key information
61.8%
Debt to equity ratio
₹6.65b
Debt
Interest coverage ratio | 3.2x |
Cash | ₹2.04b |
Equity | ₹10.77b |
Total liabilities | ₹9.67b |
Total assets | ₹20.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532923's short term assets (₹17.2B) exceed its short term liabilities (₹7.9B).
Long Term Liabilities: 532923's short term assets (₹17.2B) exceed its long term liabilities (₹1.7B).
Debt to Equity History and Analysis
Debt Level: 532923's net debt to equity ratio (42.8%) is considered high.
Reducing Debt: 532923's debt to equity ratio has reduced from 104.5% to 61.8% over the past 5 years.
Debt Coverage: 532923's debt is well covered by operating cash flow (24.7%).
Interest Coverage: 532923's interest payments on its debt are well covered by EBIT (3.2x coverage).