Riddhi Steel and Tube Balance Sheet Health
Financial Health criteria checks 3/6
Riddhi Steel and Tube has a total shareholder equity of ₹549.1M and total debt of ₹1.1B, which brings its debt-to-equity ratio to 208.1%. Its total assets and total liabilities are ₹1.8B and ₹1.2B respectively. Riddhi Steel and Tube's EBIT is ₹146.8M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹31.2M.
Key information
208.1%
Debt to equity ratio
₹1.14b
Debt
Interest coverage ratio | 1.5x |
Cash | ₹31.16m |
Equity | ₹549.09m |
Total liabilities | ₹1.21b |
Total assets | ₹1.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540082's short term assets (₹1.5B) exceed its short term liabilities (₹719.3M).
Long Term Liabilities: 540082's short term assets (₹1.5B) exceed its long term liabilities (₹491.2M).
Debt to Equity History and Analysis
Debt Level: 540082's net debt to equity ratio (202.4%) is considered high.
Reducing Debt: 540082's debt to equity ratio has reduced from 294.4% to 208.1% over the past 5 years.
Debt Coverage: 540082's debt is not well covered by operating cash flow (16%).
Interest Coverage: 540082's interest payments on its debt are not well covered by EBIT (1.5x coverage).