Ratnaveer Precision Engineering Balance Sheet Health
Financial Health criteria checks 3/6
Ratnaveer Precision Engineering has a total shareholder equity of ₹2.5B and total debt of ₹2.1B, which brings its debt-to-equity ratio to 82.2%. Its total assets and total liabilities are ₹5.2B and ₹2.6B respectively. Ratnaveer Precision Engineering's EBIT is ₹511.8M making its interest coverage ratio 4.2. It has cash and short-term investments of ₹595.4M.
Key information
82.2%
Debt to equity ratio
₹2.07b
Debt
Interest coverage ratio | 4.2x |
Cash | ₹595.42m |
Equity | ₹2.52b |
Total liabilities | ₹2.64b |
Total assets | ₹5.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543978's short term assets (₹3.9B) exceed its short term liabilities (₹2.2B).
Long Term Liabilities: 543978's short term assets (₹3.9B) exceed its long term liabilities (₹397.5M).
Debt to Equity History and Analysis
Debt Level: 543978's net debt to equity ratio (58.6%) is considered high.
Reducing Debt: Insufficient data to determine if 543978's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 543978's debt is not well covered by operating cash flow (6%).
Interest Coverage: 543978's interest payments on its debt are well covered by EBIT (4.2x coverage).