Resonance Specialties Balance Sheet Health
Financial Health criteria checks 5/6
Resonance Specialties has a total shareholder equity of ₹598.7M and total debt of ₹36.0M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are ₹736.6M and ₹137.8M respectively. Resonance Specialties's EBIT is ₹51.1M making its interest coverage ratio -36.2. It has cash and short-term investments of ₹76.2M.
Key information
6.0%
Debt to equity ratio
₹36.02m
Debt
| Interest coverage ratio | -36.2x |
| Cash | ₹76.16m |
| Equity | ₹598.74m |
| Total liabilities | ₹137.81m |
| Total assets | ₹736.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 524218's short term assets (₹499.2M) exceed its short term liabilities (₹96.8M).
Long Term Liabilities: 524218's short term assets (₹499.2M) exceed its long term liabilities (₹41.0M).
Debt to Equity History and Analysis
Debt Level: 524218 has more cash than its total debt.
Reducing Debt: 524218's debt to equity ratio has increased from 2.7% to 6% over the past 5 years.
Debt Coverage: 524218's debt is well covered by operating cash flow (204.8%).
Interest Coverage: 524218 earns more interest than it pays, so coverage of interest payments is not a concern.