Ratnamani Metals & Tubes Balance Sheet Health
Financial Health criteria checks 6/6
Ratnamani Metals & Tubes has a total shareholder equity of ₹33.2B and total debt of ₹2.6B, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are ₹43.2B and ₹9.9B respectively. Ratnamani Metals & Tubes's EBIT is ₹6.7B making its interest coverage ratio 31.2. It has cash and short-term investments of ₹1.4B.
Key information
7.7%
Debt to equity ratio
₹2.56b
Debt
| Interest coverage ratio | 31.2x |
| Cash | ₹1.38b |
| Equity | ₹33.23b |
| Total liabilities | ₹9.94b |
| Total assets | ₹43.17b |
Recent financial health updates
Is Ratnamani Metals & Tubes (NSE:RATNAMANI) Using Too Much Debt?
Jun 11
Is Ratnamani Metals & Tubes (NSE:RATNAMANI) A Risky Investment?
Mar 02Here's Why Ratnamani Metals & Tubes (NSE:RATNAMANI) Can Manage Its Debt Responsibly
Nov 30Is Ratnamani Metals & Tubes (NSE:RATNAMANI) A Risky Investment?
Aug 16Is Ratnamani Metals & Tubes (NSE:RATNAMANI) A Risky Investment?
Feb 01These 4 Measures Indicate That Ratnamani Metals & Tubes (NSE:RATNAMANI) Is Using Debt Reasonably Well
Sep 14Recent updates
There's Reason For Concern Over Ratnamani Metals & Tubes Limited's (NSE:RATNAMANI) Price
Nov 12Here's Why We Think Ratnamani Metals & Tubes (NSE:RATNAMANI) Might Deserve Your Attention Today
Oct 17A Look Into Ratnamani Metals & Tubes' (NSE:RATNAMANI) Impressive Returns On Capital
Sep 08Shareholders May Be More Conservative With Ratnamani Metals & Tubes Limited's (NSE:RATNAMANI) CEO Compensation For Now
Aug 21Should You Be Adding Ratnamani Metals & Tubes (NSE:RATNAMANI) To Your Watchlist Today?
Jul 19Ratnamani Metals & Tubes Limited's (NSE:RATNAMANI) Share Price Could Signal Some Risk
Jun 29Is Ratnamani Metals & Tubes (NSE:RATNAMANI) Using Too Much Debt?
Jun 11We Like Ratnamani Metals & Tubes' (NSE:RATNAMANI) Returns And Here's How They're Trending
May 02Should You Be Adding Ratnamani Metals & Tubes (NSE:RATNAMANI) To Your Watchlist Today?
Mar 21Is Ratnamani Metals & Tubes (NSE:RATNAMANI) A Risky Investment?
Mar 02Unpleasant Surprises Could Be In Store For Ratnamani Metals & Tubes Limited's (NSE:RATNAMANI) Shares
Jan 08Should You Be Adding Ratnamani Metals & Tubes (NSE:RATNAMANI) To Your Watchlist Today?
Dec 18Here's Why Ratnamani Metals & Tubes (NSE:RATNAMANI) Can Manage Its Debt Responsibly
Nov 30Returns on Capital Paint A Bright Future For Ratnamani Metals & Tubes (NSE:RATNAMANI)
Sep 28Here's Why We Think Ratnamani Metals & Tubes (NSE:RATNAMANI) Might Deserve Your Attention Today
Sep 07Is Ratnamani Metals & Tubes (NSE:RATNAMANI) A Risky Investment?
Aug 16Ratnamani Metals & Tubes' (NSE:RATNAMANI) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 13Ratnamani Metals & Tubes (NSE:RATNAMANI) Knows How To Allocate Capital Effectively
Jun 29Ratnamani Metals & Tubes' (NSE:RATNAMANI) Dividend Will Be Increased To ₹12.00
May 13We Ran A Stock Scan For Earnings Growth And Ratnamani Metals & Tubes (NSE:RATNAMANI) Passed With Ease
May 10Investors Shouldn't Overlook Ratnamani Metals & Tubes' (NSE:RATNAMANI) Impressive Returns On Capital
Feb 22Is Ratnamani Metals & Tubes (NSE:RATNAMANI) A Risky Investment?
Feb 01We Ran A Stock Scan For Earnings Growth And Ratnamani Metals & Tubes (NSE:RATNAMANI) Passed With Ease
Jan 14Slowing Rates Of Return At Ratnamani Metals & Tubes (NSE:RATNAMANI) Leave Little Room For Excitement
Oct 29Here's Why We Think Ratnamani Metals & Tubes (NSE:RATNAMANI) Might Deserve Your Attention Today
Oct 08These 4 Measures Indicate That Ratnamani Metals & Tubes (NSE:RATNAMANI) Is Using Debt Reasonably Well
Sep 14The Returns At Ratnamani Metals & Tubes (NSE:RATNAMANI) Aren't Growing
Jul 16Does Ratnamani Metals & Tubes (NSE:RATNAMANI) Deserve A Spot On Your Watchlist?
Jun 28Is Ratnamani Metals & Tubes (NSE:RATNAMANI) A Risky Investment?
Jun 07Return Trends At Ratnamani Metals & Tubes (NSE:RATNAMANI) Aren't Appealing
Apr 09With EPS Growth And More, Ratnamani Metals & Tubes (NSE:RATNAMANI) Is Interesting
Mar 22Here's Why I Think Ratnamani Metals & Tubes (NSE:RATNAMANI) Is An Interesting Stock
Dec 07Ratnamani Metals & Tubes (NSE:RATNAMANI) Has More To Do To Multiply In Value Going Forward
Nov 19Ratnamani Metals & Tubes (NSE:RATNAMANI) Has A Pretty Healthy Balance Sheet
Mar 25Is Ratnamani Metals & Tubes (NSE:RATNAMANI) Likely To Turn Things Around?
Mar 07Is Ratnamani Metals & Tubes' (NSE:RATNAMANI) Share Price Gain Of 286% Well Earned?
Feb 07Are Robust Financials Driving The Recent Rally In Ratnamani Metals & Tubes Limited's (NSE:RATNAMANI) Stock?
Jan 17Estimating The Fair Value Of Ratnamani Metals & Tubes Limited (NSE:RATNAMANI)
Dec 27Financial Position Analysis
Short Term Liabilities: RATNAMANI's short term assets (₹28.5B) exceed its short term liabilities (₹8.0B).
Long Term Liabilities: RATNAMANI's short term assets (₹28.5B) exceed its long term liabilities (₹2.0B).
Debt to Equity History and Analysis
Debt Level: RATNAMANI's net debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: RATNAMANI's debt to equity ratio has reduced from 8.6% to 7.7% over the past 5 years.
Debt Coverage: RATNAMANI's debt is well covered by operating cash flow (65.8%).
Interest Coverage: RATNAMANI's interest payments on its debt are well covered by EBIT (31.2x coverage).