Raj Oil Mills Balance Sheet Health
Financial Health criteria checks 0/6
Raj Oil Mills has a total shareholder equity of ₹-48.9M and total debt of ₹300.4M, which brings its debt-to-equity ratio to -614.1%. Its total assets and total liabilities are ₹422.9M and ₹471.8M respectively. Raj Oil Mills's EBIT is ₹15.1M making its interest coverage ratio 1.6. It has cash and short-term investments of ₹4.2M.
Key information
-614.1%
Debt to equity ratio
₹300.35m
Debt
| Interest coverage ratio | 1.6x |
| Cash | ₹4.21m |
| Equity | -₹48.91m |
| Total liabilities | ₹471.78m |
| Total assets | ₹422.87m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ROML has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ROML has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: ROML has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ROML's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: ROML's debt is not well covered by operating cash flow (9.3%).
Interest Coverage: ROML's interest payments on its debt are not well covered by EBIT (1.6x coverage).