Religare Enterprises Balance Sheet Health
Financial Health criteria checks 4/6
Religare Enterprises has a total shareholder equity of ₹31.7B and total debt of ₹4.4B, which brings its debt-to-equity ratio to 13.9%. Its total assets and total liabilities are ₹95.8B and ₹64.0B respectively. Religare Enterprises's EBIT is ₹1.7B making its interest coverage ratio 2.1. It has cash and short-term investments of ₹10.7B.
Key information
13.9%
Debt to equity ratio
₹4.43b
Debt
| Interest coverage ratio | 2.1x |
| Cash | ₹10.72b |
| Equity | ₹31.75b |
| Total liabilities | ₹64.03b |
| Total assets | ₹95.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532915's short term assets (₹14.4B) exceed its short term liabilities (₹10.2B).
Long Term Liabilities: 532915's short term assets (₹14.4B) do not cover its long term liabilities (₹53.8B).
Debt to Equity History and Analysis
Debt Level: 532915 has more cash than its total debt.
Reducing Debt: 532915's debt to equity ratio has reduced from 638.8% to 13.9% over the past 5 years.
Debt Coverage: 532915's debt is well covered by operating cash flow (338.8%).
Interest Coverage: 532915's interest payments on its debt are not well covered by EBIT (2.1x coverage).