Responsive Industries Balance Sheet Health
Financial Health criteria checks 5/6
Responsive Industries has a total shareholder equity of ₹12.3B and total debt of ₹2.0B, which brings its debt-to-equity ratio to 16.3%. Its total assets and total liabilities are ₹17.9B and ₹5.5B respectively. Responsive Industries's EBIT is ₹2.2B making its interest coverage ratio 12.6. It has cash and short-term investments of ₹366.5M.
Key information
16.3%
Debt to equity ratio
₹2.01b
Debt
| Interest coverage ratio | 12.6x |
| Cash | ₹366.52m |
| Equity | ₹12.35b |
| Total liabilities | ₹5.55b |
| Total assets | ₹17.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 505509's short term assets (₹9.7B) exceed its short term liabilities (₹5.2B).
Long Term Liabilities: 505509's short term assets (₹9.7B) exceed its long term liabilities (₹332.8M).
Debt to Equity History and Analysis
Debt Level: 505509's net debt to equity ratio (13.3%) is considered satisfactory.
Reducing Debt: 505509's debt to equity ratio has increased from 11.2% to 16.3% over the past 5 years.
Debt Coverage: 505509's debt is well covered by operating cash flow (103.5%).
Interest Coverage: 505509's interest payments on its debt are well covered by EBIT (12.6x coverage).