Ratnabhumi Developers Balance Sheet Health
Financial Health criteria checks 2/6
Ratnabhumi Developers has a total shareholder equity of ₹350.1M and total debt of ₹1.1B, which brings its debt-to-equity ratio to 311.5%. Its total assets and total liabilities are ₹2.2B and ₹1.8B respectively. Ratnabhumi Developers's EBIT is ₹129.1M making its interest coverage ratio 1. It has cash and short-term investments of ₹8.5M.
Key information
311.5%
Debt to equity ratio
₹1.09b
Debt
Interest coverage ratio | 1x |
Cash | ₹8.49m |
Equity | ₹350.07m |
Total liabilities | ₹1.85b |
Total assets | ₹2.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540796's short term assets (₹2.1B) exceed its short term liabilities (₹757.7M).
Long Term Liabilities: 540796's short term assets (₹2.1B) exceed its long term liabilities (₹1.1B).
Debt to Equity History and Analysis
Debt Level: 540796's net debt to equity ratio (309.1%) is considered high.
Reducing Debt: 540796's debt to equity ratio has increased from 4.1% to 311.5% over the past 5 years.
Debt Coverage: 540796's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 540796's interest payments on its debt are not well covered by EBIT (1x coverage).