Religare Enterprises Balance Sheet Health
Financial Health criteria checks 4/6
Religare Enterprises has a total shareholder equity of ₹33.3B and total debt of ₹1.1B, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are ₹102.8B and ₹69.4B respectively. Religare Enterprises's EBIT is ₹1.5B making its interest coverage ratio 2.1. It has cash and short-term investments of ₹10.3B.
Key information
3.3%
Debt to equity ratio
₹1.09b
Debt
| Interest coverage ratio | 2.1x |
| Cash | ₹10.28b |
| Equity | ₹33.33b |
| Total liabilities | ₹69.43b |
| Total assets | ₹102.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532915's short term assets (₹13.9B) exceed its short term liabilities (₹13.7B).
Long Term Liabilities: 532915's short term assets (₹13.9B) do not cover its long term liabilities (₹55.7B).
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 818.9% to 3.3% over the past 5 years.
Debt Coverage: 532915's debt is well covered by operating cash flow (1385.1%).
Interest Coverage: 532915's interest payments on its debt are not well covered by EBIT (2.1x coverage).