Resonance Specialties Balance Sheet Health
Financial Health criteria checks 5/6
Resonance Specialties has a total shareholder equity of ₹558.7M and total debt of ₹32.4M, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are ₹636.8M and ₹78.2M respectively. Resonance Specialties's EBIT is ₹41.5M making its interest coverage ratio -7. It has cash and short-term investments of ₹22.9M.
Key information
5.8%
Debt to equity ratio
₹32.39m
Debt
Interest coverage ratio | -7x |
Cash | ₹22.90m |
Equity | ₹558.65m |
Total liabilities | ₹78.19m |
Total assets | ₹636.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 524218's short term assets (₹407.5M) exceed its short term liabilities (₹37.4M).
Long Term Liabilities: 524218's short term assets (₹407.5M) exceed its long term liabilities (₹40.8M).
Debt to Equity History and Analysis
Debt Level: 524218's net debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: 524218's debt to equity ratio has reduced from 14.8% to 5.8% over the past 5 years.
Debt Coverage: 524218's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 524218 earns more interest than it pays, so coverage of interest payments is not a concern.