Rainbow Foundations Balance Sheet Health
Financial Health criteria checks 2/6
Rainbow Foundations has a total shareholder equity of ₹749.0M and total debt of ₹4.8B, which brings its debt-to-equity ratio to 638.6%. Its total assets and total liabilities are ₹6.4B and ₹5.7B respectively. Rainbow Foundations's EBIT is ₹296.7M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹76.3M.
Key information
638.6%
Debt to equity ratio
₹4.78b
Debt
| Interest coverage ratio | 1.5x |
| Cash | ₹76.31m |
| Equity | ₹749.03m |
| Total liabilities | ₹5.67b |
| Total assets | ₹6.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531694's short term assets (₹6.3B) exceed its short term liabilities (₹5.6B).
Long Term Liabilities: 531694's short term assets (₹6.3B) exceed its long term liabilities (₹26.7M).
Debt to Equity History and Analysis
Debt Level: 531694's net debt to equity ratio (628.4%) is considered high.
Reducing Debt: 531694's debt to equity ratio has increased from 291% to 638.6% over the past 5 years.
Debt Coverage: 531694's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531694's interest payments on its debt are not well covered by EBIT (1.5x coverage).