Rite Zone Chemcon India Balance Sheet Health
Financial Health criteria checks 4/6
Rite Zone Chemcon India has a total shareholder equity of ₹148.1M and total debt of ₹15.4M, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are ₹208.0M and ₹60.0M respectively. Rite Zone Chemcon India's EBIT is ₹15.2M making its interest coverage ratio -15.8. It has cash and short-term investments of ₹23.3M.
Key information
10.4%
Debt to equity ratio
₹15.40m
Debt
| Interest coverage ratio | -15.8x |
| Cash | ₹23.29m |
| Equity | ₹148.07m |
| Total liabilities | ₹59.97m |
| Total assets | ₹208.04m |
Financial Position Analysis
Short Term Liabilities: RITEZONE's short term assets (₹186.0M) exceed its short term liabilities (₹50.2M).
Long Term Liabilities: RITEZONE's short term assets (₹186.0M) exceed its long term liabilities (₹9.8M).
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 earns more interest than it pays, so coverage of interest payments is not a concern.