Rite Zone Chemcon India Balance Sheet Health
Financial Health criteria checks 4/6
Rite Zone Chemcon India has a total shareholder equity of ₹134.6M and total debt of ₹8.7M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are ₹185.3M and ₹50.7M respectively. Rite Zone Chemcon India's EBIT is ₹14.9M making its interest coverage ratio 12.4. It has cash and short-term investments of ₹29.6M.
Key information
6.5%
Debt to equity ratio
₹8.69m
Debt
Interest coverage ratio | 12.4x |
Cash | ₹29.57m |
Equity | ₹134.56m |
Total liabilities | ₹50.74m |
Total assets | ₹185.29m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: RITEZONE's short term assets (₹165.4M) exceed its short term liabilities (₹43.0M).
Long Term Liabilities: RITEZONE's short term assets (₹165.4M) exceed its long term liabilities (₹7.7M).
Debt to Equity History and Analysis
Debt Level: RITEZONE has more cash than its total debt.
Reducing Debt: Insufficient data to determine if RITEZONE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RITEZONE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RITEZONE's interest payments on its debt are well covered by EBIT (12.4x coverage).