Raj Rayon Industries Balance Sheet Health
Financial Health criteria checks 3/6
Raj Rayon Industries has a total shareholder equity of ₹1.1B and total debt of ₹1.8B, which brings its debt-to-equity ratio to 163%. Its total assets and total liabilities are ₹4.2B and ₹3.1B respectively. Raj Rayon Industries's EBIT is ₹159.3M making its interest coverage ratio 1.4. It has cash and short-term investments of ₹294.9M.
Key information
163.0%
Debt to equity ratio
₹1.76b
Debt
| Interest coverage ratio | 1.4x |
| Cash | ₹294.89m |
| Equity | ₹1.08b |
| Total liabilities | ₹3.13b |
| Total assets | ₹4.21b |
Recent financial health updates
Recent updates
Here's Why Raj Rayon Industries (NSE:RAJRILTD) Has A Meaningful Debt Burden
Aug 02
Raj 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 (₹2.0B) do not cover its short term liabilities (₹2.1B).
Long Term Liabilities: RAJRILTD's short term assets (₹2.0B) exceed its long term liabilities (₹1.0B).
Debt to Equity History and Analysis
Debt Level: RAJRILTD's net debt to equity ratio (135.7%) is considered high.
Reducing Debt: RAJRILTD had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: RAJRILTD's debt is well covered by operating cash flow (44.6%).
Interest Coverage: RAJRILTD's interest payments on its debt are not well covered by EBIT (1.4x coverage).