Riddhi Steel and Tube Balance Sheet Health
Financial Health criteria checks 3/6
Riddhi Steel and Tube has a total shareholder equity of ₹606.1M and total debt of ₹1.2B, which brings its debt-to-equity ratio to 201.8%. Its total assets and total liabilities are ₹1.9B and ₹1.3B respectively. Riddhi Steel and Tube's EBIT is ₹160.2M making its interest coverage ratio 1.7. It has cash and short-term investments of ₹83.6M.
Key information
201.8%
Debt to equity ratio
₹1.22b
Debt
| Interest coverage ratio | 1.7x |
| Cash | ₹83.57m |
| Equity | ₹606.14m |
| Total liabilities | ₹1.29b |
| Total assets | ₹1.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540082's short term assets (₹1.7B) exceed its short term liabilities (₹926.7M).
Long Term Liabilities: 540082's short term assets (₹1.7B) exceed its long term liabilities (₹363.1M).
Debt to Equity History and Analysis
Debt Level: 540082's net debt to equity ratio (188%) is considered high.
Reducing Debt: 540082's debt to equity ratio has reduced from 252.6% to 201.8% over the past 5 years.
Debt Coverage: 540082's debt is not well covered by operating cash flow (6.2%).
Interest Coverage: 540082's interest payments on its debt are not well covered by EBIT (1.7x coverage).