Ramco Industries Balance Sheet Health
Financial Health criteria checks 6/6
Ramco Industries has a total shareholder equity of ₹40.6B and total debt of ₹2.4B, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are ₹45.8B and ₹5.1B respectively. Ramco Industries's EBIT is ₹1.2B making its interest coverage ratio 4.8. It has cash and short-term investments of ₹870.1M.
Key information
5.9%
Debt to equity ratio
₹2.42b
Debt
Interest coverage ratio | 4.8x |
Cash | ₹870.10m |
Equity | ₹40.61b |
Total liabilities | ₹5.14b |
Total assets | ₹45.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532369's short term assets (₹8.2B) exceed its short term liabilities (₹4.4B).
Long Term Liabilities: 532369's short term assets (₹8.2B) exceed its long term liabilities (₹715.9M).
Debt to Equity History and Analysis
Debt Level: 532369's net debt to equity ratio (3.8%) is considered satisfactory.
Reducing Debt: 532369's debt to equity ratio has reduced from 6.1% to 5.9% over the past 5 years.
Debt Coverage: 532369's debt is well covered by operating cash flow (55.8%).
Interest Coverage: 532369's interest payments on its debt are well covered by EBIT (4.8x coverage).