Responsive Industries Balance Sheet Health
Financial Health criteria checks 5/6
Responsive Industries has a total shareholder equity of ₹12.3B and total debt of ₹2.0B, which brings its debt-to-equity ratio to 16.3%. Its total assets and total liabilities are ₹17.9B and ₹5.5B respectively. Responsive Industries's EBIT is ₹2.2B making its interest coverage ratio 12.6. It has cash and short-term investments of ₹366.5M.
Key information
16.3%
Debt to equity ratio
₹2.01b
Debt
| Interest coverage ratio | 12.6x |
| Cash | ₹366.52m |
| Equity | ₹12.35b |
| Total liabilities | ₹5.55b |
| Total assets | ₹17.90b |
Recent financial health updates
Is Responsive Industries (NSE:RESPONIND) Using Too Much Debt?
Jul 12
Is Responsive Industries (NSE:RESPONIND) Using Too Much Debt?
Mar 21We Think Responsive Industries (NSE:RESPONIND) Can Stay On Top Of Its Debt
Nov 06Does Responsive Industries (NSE:RESPONIND) Have A Healthy Balance Sheet?
Jun 13These 4 Measures Indicate That Responsive Industries (NSE:RESPONIND) Is Using Debt Extensively
Jun 15These 4 Measures Indicate That Responsive Industries (NSE:RESPONIND) Is Using Debt Safely
Mar 08Recent updates
Does Responsive Industries (NSE:RESPONIND) Deserve A Spot On Your Watchlist?
Dec 04Responsive Industries (NSE:RESPONIND) Shareholders Will Want The ROCE Trajectory To Continue
Oct 08Investors Interested In Responsive Industries Limited's (NSE:RESPONIND) Earnings
Sep 11Here's Why We Think Responsive Industries (NSE:RESPONIND) Is Well Worth Watching
Aug 07Is Responsive Industries (NSE:RESPONIND) Using Too Much Debt?
Jul 12Responsive Industries (NSE:RESPONIND) Is Looking To Continue Growing Its Returns On Capital
Jun 05Is Responsive Industries (NSE:RESPONIND) Using Too Much Debt?
Mar 21We Think Responsive Industries (NSE:RESPONIND) Can Stay On Top Of Its Debt
Nov 06There's Been No Shortage Of Growth Recently For Responsive Industries' (NSE:RESPONIND) Returns On Capital
Aug 09Does Responsive Industries (NSE:RESPONIND) Have A Healthy Balance Sheet?
Jun 13Here's What's Concerning About Responsive Industries' (NSE:RESPONIND) Returns On Capital
Apr 03These 4 Measures Indicate That Responsive Industries (NSE:RESPONIND) Is Using Debt Extensively
Jun 15Returns On Capital At Responsive Industries (NSE:RESPONIND) Have Stalled
Feb 17Do Responsive Industries's (NSE:RESPONIND) Earnings Warrant Your Attention?
May 11These 4 Measures Indicate That Responsive Industries (NSE:RESPONIND) Is Using Debt Safely
Mar 08Responsive Industries' (NSE:RESPONIND) Earnings Are Growing But Is There More To The Story?
Feb 15Do Responsive Industries's (NSE:RESPONIND) Earnings Warrant Your Attention?
Jan 28
Is Responsive Industries (NSE:RESPONIND) Set To Make A Turnaround?
Jan 10Shareholders Are Raving About How The Responsive Industries (NSE:RESPONIND) Share Price Increased 350%
Dec 21Is Responsive Industries (NSE:RESPONIND) Using Too Much Debt?
Dec 03Responsive Industries's (NSE:RESPONIND) Earnings Are Growing But Is There More To The Story?
Nov 16Responsive Industries Limited's (NSE:RESPONIND) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?
Oct 20Is Responsive Industries' (NSE:RESPONIND) 140% Share Price Increase Well Justified?
Sep 15Is Responsive Industries (NSE:RESPONIND) Using Capital Effectively?
Aug 19Responsive Industries (NSE:RESPONIND) Seems To Use Debt Quite Sensibly
Jul 19Financial Position Analysis
Short Term Liabilities: RESPONIND's short term assets (₹9.7B) exceed its short term liabilities (₹5.2B).
Long Term Liabilities: RESPONIND's short term assets (₹9.7B) exceed its long term liabilities (₹332.8M).
Debt to Equity History and Analysis
Debt Level: RESPONIND's net debt to equity ratio (13.3%) is considered satisfactory.
Reducing Debt: RESPONIND's debt to equity ratio has increased from 11.2% to 16.3% over the past 5 years.
Debt Coverage: RESPONIND's debt is well covered by operating cash flow (103.5%).
Interest Coverage: RESPONIND's interest payments on its debt are well covered by EBIT (12.6x coverage).