Raj Rayon Industries Balance Sheet Health
Financial Health criteria checks 4/6
Raj Rayon Industries has a total shareholder equity of ₹1.0B and total debt of ₹1.6B, which brings its debt-to-equity ratio to 161.5%. Its total assets and total liabilities are ₹4.0B and ₹3.0B respectively. Raj Rayon Industries's EBIT is ₹102.5M making its interest coverage ratio 1. It has cash and short-term investments of ₹282.6M.
Key information
161.5%
Debt to equity ratio
₹1.62b
Debt
| Interest coverage ratio | 1x |
| Cash | ₹282.61m |
| Equity | ₹1.00b |
| Total liabilities | ₹3.01b |
| Total assets | ₹4.02b |
Recent financial health updates
Recent updates
Returns On Capital Are Showing Encouraging Signs At Raj Rayon Industries (NSE:RAJRILTD)
Nov 09
What Raj Rayon Industries Limited's (NSE:RAJRILTD) P/S Is Not Telling You
Sep 06Here's Why Raj Rayon Industries (NSE:RAJRILTD) Has A Meaningful Debt Burden
Aug 02Raj Rayon Industries Limited (NSE:RAJRILTD) Shares May Have Slumped 25% But Getting In Cheap Is Still Unlikely
Apr 03Optimistic Investors Push Raj Rayon Industries Limited (NSE:RAJRILTD) Shares Up 27% But Growth Is Lacking
Feb 10Raj Rayon Industries Limited (NSE:RAJRILTD) Shares May Have Slumped 31% But Getting In Cheap Is Still Unlikely
Dec 18We Don’t Think Raj Rayon Industries' (NSE:RAJRILTD) Earnings Should Make Shareholders Too Comfortable
Nov 22Financial Position Analysis
Short Term Liabilities: RAJRILTD's short term assets (₹1.7B) do not cover its short term liabilities (₹2.1B).
Long Term Liabilities: RAJRILTD's short term assets (₹1.7B) exceed its long term liabilities (₹902.3M).
Debt to Equity History and Analysis
Debt Level: RAJRILTD's net debt to equity ratio (133.4%) is considered high.
Reducing Debt: RAJRILTD had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable RAJRILTD has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RAJRILTD is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 25.7% per year.