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 21Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/05 21:28 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Reliance Industries Limited is covered by 77 analysts. 35 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Vivekanand Subbaraman | Ambit Capital |
| Nitin Bhasin | Ambit Capital |
| Vishwas Katela | Anand Rathi Shares and Stock Brokers Limited |