Refnol Resins and Chemicals Balance Sheet Health
Financial Health criteria checks 5/6
Refnol Resins and Chemicals has a total shareholder equity of ₹200.4M and total debt of ₹62.3M, which brings its debt-to-equity ratio to 31.1%. Its total assets and total liabilities are ₹409.9M and ₹209.5M respectively. Refnol Resins and Chemicals's EBIT is ₹9.9M making its interest coverage ratio 1. It has cash and short-term investments of ₹24.4M.
Key information
31.1%
Debt to equity ratio
₹62.28m
Debt
| Interest coverage ratio | 1x |
| Cash | ₹24.45m |
| Equity | ₹200.42m |
| Total liabilities | ₹209.47m |
| Total assets | ₹409.89m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530815's short term assets (₹243.5M) exceed its short term liabilities (₹169.1M).
Long Term Liabilities: 530815's short term assets (₹243.5M) exceed its long term liabilities (₹40.4M).
Debt to Equity History and Analysis
Debt Level: 530815's net debt to equity ratio (18.9%) is considered satisfactory.
Reducing Debt: 530815's debt to equity ratio has reduced from 35.8% to 31.1% over the past 5 years.
Debt Coverage: 530815's debt is well covered by operating cash flow (34.6%).
Interest Coverage: 530815's interest payments on its debt are not well covered by EBIT (1x coverage).