Ratnamani Metals & Tubes Balance Sheet Health
Financial Health criteria checks 6/6
Ratnamani Metals & Tubes has a total shareholder equity of ₹33.2B and total debt of ₹2.6B, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are ₹43.2B and ₹9.9B respectively. Ratnamani Metals & Tubes's EBIT is ₹6.6B making its interest coverage ratio 30.6. It has cash and short-term investments of ₹1.4B.
Key information
7.7%
Debt to equity ratio
₹2.56b
Debt
| Interest coverage ratio | 30.6x |
| Cash | ₹1.38b |
| Equity | ₹33.23b |
| Total liabilities | ₹9.94b |
| Total assets | ₹43.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 520111's short term assets (₹28.5B) exceed its short term liabilities (₹8.0B).
Long Term Liabilities: 520111's short term assets (₹28.5B) exceed its long term liabilities (₹2.0B).
Debt to Equity History and Analysis
Debt Level: 520111's net debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: 520111's debt to equity ratio has reduced from 8.6% to 7.7% over the past 5 years.
Debt Coverage: 520111's debt is well covered by operating cash flow (65.8%).
Interest Coverage: 520111's interest payments on its debt are well covered by EBIT (30.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 17:03 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ratnamani Metals & Tubes Limited is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sailesh Raja | Batlivala & Karani Securities India Pvt. Ltd. |
| Abhisar Jain | Centrum Broking Limited |
| Aasim Bharde | DAM Capital Advisors |