Retina Paints Balance Sheet Health
Financial Health criteria checks 4/6
Retina Paints has a total shareholder equity of ₹224.5M and total debt of ₹81.2M, which brings its debt-to-equity ratio to 36.2%. Its total assets and total liabilities are ₹340.1M and ₹115.6M respectively. Retina Paints's EBIT is ₹45.5M making its interest coverage ratio 5.8. It has cash and short-term investments of ₹3.3M.
Key information
36.2%
Debt to equity ratio
₹81.25m
Debt
| Interest coverage ratio | 5.8x |
| Cash | ₹3.30m |
| Equity | ₹224.53m |
| Total liabilities | ₹115.60m |
| Total assets | ₹340.13m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543902's short term assets (₹218.1M) exceed its short term liabilities (₹82.0M).
Long Term Liabilities: 543902's short term assets (₹218.1M) exceed its long term liabilities (₹33.6M).
Debt to Equity History and Analysis
Debt Level: 543902's net debt to equity ratio (34.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 543902's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 543902's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 543902's interest payments on its debt are well covered by EBIT (5.8x coverage).