Refractory Shapes Balance Sheet Health
Financial Health criteria checks 3/6
Refractory Shapes has a total shareholder equity of ₹208.4M and total debt of ₹235.2M, which brings its debt-to-equity ratio to 112.8%. Its total assets and total liabilities are ₹518.1M and ₹309.6M respectively. Refractory Shapes's EBIT is ₹69.0M making its interest coverage ratio 4.4. It has cash and short-term investments of ₹32.6M.
Key information
112.8%
Debt to equity ratio
₹235.21m
Debt
| Interest coverage ratio | 4.4x |
| Cash | ₹32.60m |
| Equity | ₹208.45m |
| Total liabilities | ₹309.63m |
| Total assets | ₹518.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: REFRACTORY's short term assets (₹260.0M) exceed its short term liabilities (₹193.8M).
Long Term Liabilities: REFRACTORY's short term assets (₹260.0M) exceed its long term liabilities (₹115.8M).
Debt to Equity History and Analysis
Debt Level: REFRACTORY's net debt to equity ratio (97.2%) is considered high.
Reducing Debt: Insufficient data to determine if REFRACTORY's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: REFRACTORY's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: REFRACTORY's interest payments on its debt are well covered by EBIT (4.4x coverage).