Ratnamani Metals & Tubes Balance Sheet Health
Financial Health criteria checks 5/6
Ratnamani Metals & Tubes has a total shareholder equity of ₹28.9B and total debt of ₹1.8B, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are ₹37.2B and ₹8.3B respectively. Ratnamani Metals & Tubes's EBIT is ₹8.5B making its interest coverage ratio 25.3. It has cash and short-term investments of ₹2.9B.
Key information
6.1%
Debt to equity ratio
₹1.77b
Debt
Interest coverage ratio | 25.3x |
Cash | ₹2.92b |
Equity | ₹28.92b |
Total liabilities | ₹8.25b |
Total assets | ₹37.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 520111's short term assets (₹24.3B) exceed its short term liabilities (₹5.8B).
Long Term Liabilities: 520111's short term assets (₹24.3B) exceed its long term liabilities (₹2.5B).
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 4.7% to 6.1% over the past 5 years.
Debt Coverage: 520111's debt is well covered by operating cash flow (264.3%).
Interest Coverage: 520111's interest payments on its debt are well covered by EBIT (25.3x coverage).