Reliance Industries Balance Sheet Health
Financial Health criteria checks 6/6
Reliance Industries has a total shareholder equity of ₹9,543.2B and total debt of ₹3,363.4B, which brings its debt-to-equity ratio to 35.2%. Its total assets and total liabilities are ₹18,151.2B and ₹8,608.0B respectively. Reliance Industries's EBIT is ₹1,084.2B making its interest coverage ratio 9.6. It has cash and short-term investments of ₹2,147.9B.
Key information
35.2%
Debt to equity ratio
₹3.36t
Debt
| Interest coverage ratio | 9.6x |
| Cash | ₹2.15t |
| Equity | ₹9.54t |
| Total liabilities | ₹8.61t |
| Total assets | ₹18.15t |
Recent financial health updates
We Think Reliance Industries (NSE:RELIANCE) Is Taking Some Risk With Its Debt
Sep 19
Does Reliance Industries (NSE:RELIANCE) Have A Healthy Balance Sheet?
May 22Is Reliance Industries (NSE:RELIANCE) Using Too Much Debt?
Jan 21Recent updates
The Market Doesn't Like What It Sees From Reliance Industries Limited's (NSE:RELIANCE) Earnings Yet
Dec 03We Think Reliance Industries (NSE:RELIANCE) Is Taking Some Risk With Its Debt
Sep 19Reliance Industries' (NSE:RELIANCE) Upcoming Dividend Will Be Larger Than Last Year's
Aug 08Subdued Growth No Barrier To Reliance Industries Limited's (NSE:RELIANCE) Price
Jul 16Does Reliance Industries (NSE:RELIANCE) Deserve A Spot On Your Watchlist?
Jun 28Does Reliance Industries (NSE:RELIANCE) Have A Healthy Balance Sheet?
May 22Additional Considerations Required While Assessing Reliance Industries' (NSE:RELIANCE) Strong Earnings
May 02Earnings Update: Reliance Industries Limited (NSE:RELIANCE) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts
Apr 25Little Excitement Around Reliance Industries Limited's (NSE:RELIANCE) Earnings
Apr 08With EPS Growth And More, Reliance Industries (NSE:RELIANCE) Makes An Interesting Case
Feb 09Analyst Estimates: Here's What Brokers Think Of Reliance Industries Limited (NSE:RELIANCE) After Its Third-Quarter Report
Jan 22Is Reliance Industries (NSE:RELIANCE) Using Too Much Debt?
Jan 21There Is A Reason Reliance Industries Limited's (NSE:RELIANCE) Price Is Undemanding
Jan 03Financial Position Analysis
Short Term Liabilities: RELIANCE's short term assets (₹4,784.1B) exceed its short term liabilities (₹4,427.6B).
Long Term Liabilities: RELIANCE's short term assets (₹4,784.1B) exceed its long term liabilities (₹4,180.4B).
Debt to Equity History and Analysis
Debt Level: RELIANCE's net debt to equity ratio (12.7%) is considered satisfactory.
Reducing Debt: RELIANCE's debt to equity ratio has reduced from 60.9% to 35.2% over the past 5 years.
Debt Coverage: RELIANCE's debt is well covered by operating cash flow (53.4%).
Interest Coverage: RELIANCE's interest payments on its debt are well covered by EBIT (9.6x coverage).