Rapid Investments Balance Sheet Health
Financial Health criteria checks 6/6
Rapid Investments has a total shareholder equity of ₹24.6M and total debt of ₹0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ₹114.2M and ₹89.6M respectively. Rapid Investments's EBIT is ₹3.9M making its interest coverage ratio 3.1. It has cash and short-term investments of ₹159.0K.
Key information
0%
Debt to equity ratio
₹0
Debt
| Interest coverage ratio | 3.1x |
| Cash | ₹159.00k |
| Equity | ₹24.57m |
| Total liabilities | ₹89.62m |
| Total assets | ₹114.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 501351's short term assets (₹79.7M) exceed its short term liabilities (₹76.4M).
Long Term Liabilities: 501351's short term assets (₹79.7M) exceed its long term liabilities (₹13.2M).
Debt to Equity History and Analysis
Debt Level: 501351 is debt free.
Reducing Debt: 501351 has no debt compared to 5 years ago when its debt to equity ratio was 204.6%.
Debt Coverage: 501351 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 501351 has no debt, therefore coverage of interest payments is not a concern.