Ras Resorts and Apart Hotels Balance Sheet Health
Financial Health criteria checks 4/6
Ras Resorts and Apart Hotels has a total shareholder equity of ₹223.0M and total debt of ₹39.1M, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are ₹355.7M and ₹132.7M respectively. Ras Resorts and Apart Hotels's EBIT is ₹11.6M making its interest coverage ratio 3.2. It has cash and short-term investments of ₹5.9M.
Key information
17.5%
Debt to equity ratio
₹39.12m
Debt
Interest coverage ratio | 3.2x |
Cash | ₹5.89m |
Equity | ₹223.00m |
Total liabilities | ₹132.73m |
Total assets | ₹355.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 507966's short term assets (₹28.4M) do not cover its short term liabilities (₹60.5M).
Long Term Liabilities: 507966's short term assets (₹28.4M) do not cover its long term liabilities (₹72.2M).
Debt to Equity History and Analysis
Debt Level: 507966's net debt to equity ratio (14.9%) is considered satisfactory.
Reducing Debt: 507966's debt to equity ratio has reduced from 27.5% to 17.5% over the past 5 years.
Debt Coverage: 507966's debt is well covered by operating cash flow (90.2%).
Interest Coverage: 507966's interest payments on its debt are well covered by EBIT (3.2x coverage).