Responsive Industries Balance Sheet Health
Financial Health criteria checks 5/6
Responsive Industries has a total shareholder equity of ₹11.1B and total debt of ₹2.2B, which brings its debt-to-equity ratio to 19.7%. Its total assets and total liabilities are ₹14.5B and ₹3.4B respectively. Responsive Industries's EBIT is ₹1.6B making its interest coverage ratio 17.6. It has cash and short-term investments of ₹653.2M.
Key information
19.7%
Debt to equity ratio
₹2.18b
Debt
Interest coverage ratio | 17.6x |
Cash | ₹653.22m |
Equity | ₹11.10b |
Total liabilities | ₹3.42b |
Total assets | ₹14.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 505509's short term assets (₹7.0B) exceed its short term liabilities (₹3.0B).
Long Term Liabilities: 505509's short term assets (₹7.0B) exceed its long term liabilities (₹434.9M).
Debt to Equity History and Analysis
Debt Level: 505509's net debt to equity ratio (13.8%) is considered satisfactory.
Reducing Debt: 505509's debt to equity ratio has increased from 15% to 19.7% over the past 5 years.
Debt Coverage: 505509's debt is well covered by operating cash flow (39.7%).
Interest Coverage: 505509's interest payments on its debt are well covered by EBIT (17.6x coverage).