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 6%. Its total assets and total liabilities are ₹45.8B and ₹5.1B respectively. Ramco Industries's EBIT is ₹1.3B making its interest coverage ratio 12. It has cash and short-term investments of ₹794.3M.
Key information
6.0%
Debt to equity ratio
₹2.44b
Debt
| Interest coverage ratio | 12x |
| Cash | ₹794.32m |
| 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 (4.1%) is considered satisfactory.
Reducing Debt: 532369's debt to equity ratio has reduced from 6.1% to 6% over the past 5 years.
Debt Coverage: 532369's debt is well covered by operating cash flow (55.2%).
Interest Coverage: 532369's interest payments on its debt are well covered by EBIT (12x coverage).