Remi Edelstahl Tubulars Balance Sheet Health
Financial Health criteria checks 4/6
Remi Edelstahl Tubulars has a total shareholder equity of ₹420.7M and total debt of ₹294.6M, which brings its debt-to-equity ratio to 70%. Its total assets and total liabilities are ₹854.1M and ₹433.4M respectively. Remi Edelstahl Tubulars's EBIT is ₹14.8M making its interest coverage ratio 1.2. It has cash and short-term investments of ₹60.8M.
Key information
70.0%
Debt to equity ratio
₹294.63m
Debt
Interest coverage ratio | 1.2x |
Cash | ₹60.82m |
Equity | ₹420.73m |
Total liabilities | ₹433.40m |
Total assets | ₹854.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513043's short term assets (₹616.1M) exceed its short term liabilities (₹289.3M).
Long Term Liabilities: 513043's short term assets (₹616.1M) exceed its long term liabilities (₹144.1M).
Debt to Equity History and Analysis
Debt Level: 513043's net debt to equity ratio (55.6%) is considered high.
Reducing Debt: 513043's debt to equity ratio has reduced from 117.7% to 70% over the past 5 years.
Debt Coverage: 513043's debt is well covered by operating cash flow (58.7%).
Interest Coverage: 513043's interest payments on its debt are not well covered by EBIT (1.2x coverage).