Ratnamani Metals & Tubes Balance Sheet Health
Financial Health criteria checks 5/6
Ratnamani Metals & Tubes has a total shareholder equity of ₹32.2B and total debt of ₹1.5B, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are ₹40.2B and ₹8.0B respectively. Ratnamani Metals & Tubes's EBIT is ₹7.6B making its interest coverage ratio 40.1. It has cash and short-term investments of ₹3.0B.
Key information
4.8%
Debt to equity ratio
₹1.53b
Debt
| Interest coverage ratio | 40.1x |
| Cash | ₹2.96b |
| Equity | ₹32.16b |
| Total liabilities | ₹8.04b |
| Total assets | ₹40.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 520111's short term assets (₹26.7B) exceed its short term liabilities (₹6.0B).
Long Term Liabilities: 520111's short term assets (₹26.7B) exceed its long term liabilities (₹2.0B).
Debt to Equity History and Analysis
Debt Level: 520111 has more cash than its total debt.
Reducing Debt: 520111's debt to equity ratio has increased from 4.3% to 4.8% over the past 5 years.
Debt Coverage: 520111's debt is well covered by operating cash flow (334.4%).
Interest Coverage: 520111's interest payments on its debt are well covered by EBIT (40.1x coverage).