Reliance Industries Balance Sheet Health
Financial Health criteria checks 6/6
Reliance Industries has a total shareholder equity of ₹8,772.8B and total debt of ₹3,167.0B, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are ₹16,822.2B and ₹8,049.4B respectively. Reliance Industries's EBIT is ₹1,099.8B making its interest coverage ratio 8.8. It has cash and short-term investments of ₹1,729.3B.
Key information
36.1%
Debt to equity ratio
₹3.17t
Debt
| Interest coverage ratio | 8.8x |
| Cash | ₹1.73t |
| Equity | ₹8.77t |
| Total liabilities | ₹8.05t |
| Total assets | ₹16.82t |
Recent financial health updates
Is Reliance Industries (NSE:RELIANCE) Using Too Much Debt?
Jan 21
Here's Why Reliance Industries (NSE:RELIANCE) Can Manage Its Debt Responsibly
Jun 26Recent updates
Little 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 03Reliance Industries (NSE:RELIANCE) Is Increasing Its Dividend To ₹9.00
Aug 08Returns On Capital Signal Tricky Times Ahead For Reliance Industries (NSE:RELIANCE)
Jul 30Here's Why Reliance Industries (NSE:RELIANCE) Can Manage Its Debt Responsibly
Jun 26Should You Be Adding Reliance Industries (NSE:RELIANCE) To Your Watchlist Today?
May 26Financial Position Analysis
Short Term Liabilities: RELIANCE's short term assets (₹4,397.4B) exceed its short term liabilities (₹3,775.1B).
Long Term Liabilities: RELIANCE's short term assets (₹4,397.4B) exceed its long term liabilities (₹4,274.3B).
Debt to Equity History and Analysis
Debt Level: RELIANCE's net debt to equity ratio (16.4%) is considered satisfactory.
Reducing Debt: RELIANCE's debt to equity ratio has reduced from 75.5% to 36.1% over the past 5 years.
Debt Coverage: RELIANCE's debt is well covered by operating cash flow (49.2%).
Interest Coverage: RELIANCE's interest payments on its debt are well covered by EBIT (8.8x coverage).