Religare Enterprises Balance Sheet Health
Financial Health criteria checks 5/6
Religare Enterprises has a total shareholder equity of ₹29.4B and total debt of ₹6.8B, which brings its debt-to-equity ratio to 23.1%. Its total assets and total liabilities are ₹91.1B and ₹61.7B respectively. Religare Enterprises's EBIT is ₹4.8B making its interest coverage ratio 4.7. It has cash and short-term investments of ₹10.3B.
Key information
23.1%
Debt to equity ratio
₹6.78b
Debt
Interest coverage ratio | 4.7x |
Cash | ₹10.32b |
Equity | ₹29.39b |
Total liabilities | ₹61.72b |
Total assets | ₹91.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532915's short term assets (₹14.3B) exceed its short term liabilities (₹11.7B).
Long Term Liabilities: 532915's short term assets (₹14.3B) do not cover its long term liabilities (₹50.0B).
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 557.3% to 23.1% over the past 5 years.
Debt Coverage: 532915's debt is well covered by operating cash flow (250.3%).
Interest Coverage: 532915's interest payments on its debt are well covered by EBIT (4.7x coverage).