Ras Resorts and Apart Hotels Balance Sheet Health
Financial Health criteria checks 1/6
Ras Resorts and Apart Hotels has a total shareholder equity of ₹200.6M and total debt of ₹60.8M, which brings its debt-to-equity ratio to 30.3%. Its total assets and total liabilities are ₹324.8M and ₹124.2M respectively. Ras Resorts and Apart Hotels's EBIT is ₹9.3M making its interest coverage ratio 2.2. It has cash and short-term investments of ₹21.7M.
Key information
30.3%
Debt to equity ratio
₹60.77m
Debt
| Interest coverage ratio | 2.2x |
| Cash | ₹21.66m |
| Equity | ₹200.63m |
| Total liabilities | ₹124.18m |
| Total assets | ₹324.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 507966's short term assets (₹42.2M) do not cover its short term liabilities (₹67.1M).
Long Term Liabilities: 507966's short term assets (₹42.2M) do not cover its long term liabilities (₹57.1M).
Debt to Equity History and Analysis
Debt Level: 507966's net debt to equity ratio (19.5%) is considered satisfactory.
Reducing Debt: 507966's debt to equity ratio has increased from 23.7% to 30.3% over the past 5 years.
Debt Coverage: 507966's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: 507966's interest payments on its debt are not well covered by EBIT (2.2x coverage).