Travels & Rentals Balance Sheet Health
Financial Health criteria checks 4/6
Travels & Rentals has a total shareholder equity of ₹147.8M and total debt of ₹47.1M, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are ₹247.0M and ₹99.1M respectively. Travels & Rentals's EBIT is ₹43.1M making its interest coverage ratio 50.2. It has cash and short-term investments of ₹4.2M.
Key information
31.9%
Debt to equity ratio
₹47.09m
Debt
| Interest coverage ratio | 50.2x |
| Cash | ₹4.18m |
| Equity | ₹147.85m |
| Total liabilities | ₹99.14m |
| Total assets | ₹246.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 544242's short term assets (₹171.2M) exceed its short term liabilities (₹71.8M).
Long Term Liabilities: 544242's short term assets (₹171.2M) exceed its long term liabilities (₹27.3M).
Debt to Equity History and Analysis
Debt Level: 544242's net debt to equity ratio (29%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 544242's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 544242's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 544242's interest payments on its debt are well covered by EBIT (50.2x coverage).