Rama Steel Tubes Balance Sheet Health
Financial Health criteria checks 6/6
Rama Steel Tubes has a total shareholder equity of ₹3.7B and total debt of ₹951.9M, which brings its debt-to-equity ratio to 26.1%. Its total assets and total liabilities are ₹6.7B and ₹3.0B respectively. Rama Steel Tubes's EBIT is ₹470.8M making its interest coverage ratio 3.6. It has cash and short-term investments of ₹86.5M.
Key information
26.1%
Debt to equity ratio
₹951.91m
Debt
| Interest coverage ratio | 3.6x |
| Cash | ₹86.54m |
| Equity | ₹3.65b |
| Total liabilities | ₹3.05b |
| Total assets | ₹6.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539309's short term assets (₹5.2B) exceed its short term liabilities (₹2.9B).
Long Term Liabilities: 539309's short term assets (₹5.2B) exceed its long term liabilities (₹127.8M).
Debt to Equity History and Analysis
Debt Level: 539309's net debt to equity ratio (23.7%) is considered satisfactory.
Reducing Debt: 539309's debt to equity ratio has reduced from 87.9% to 26.1% over the past 5 years.
Debt Coverage: 539309's debt is well covered by operating cash flow (24.3%).
Interest Coverage: 539309's interest payments on its debt are well covered by EBIT (3.6x coverage).