RattanIndia Enterprises Balance Sheet Health
Financial Health criteria checks 3/6
RattanIndia Enterprises has a total shareholder equity of ₹14.5B and total debt of ₹12.3B, which brings its debt-to-equity ratio to 84.4%. Its total assets and total liabilities are ₹38.0B and ₹23.5B respectively. RattanIndia Enterprises's EBIT is ₹4.1B making its interest coverage ratio 4.1. It has cash and short-term investments of ₹1.1B.
Key information
84.4%
Debt to equity ratio
₹12.28b
Debt
| Interest coverage ratio | 4.1x |
| Cash | ₹1.07b |
| Equity | ₹14.55b |
| Total liabilities | ₹23.45b |
| Total assets | ₹38.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 534597's short term assets (₹14.4B) do not cover its short term liabilities (₹21.4B).
Long Term Liabilities: 534597's short term assets (₹14.4B) exceed its long term liabilities (₹2.0B).
Debt to Equity History and Analysis
Debt Level: 534597's net debt to equity ratio (77%) is considered high.
Reducing Debt: 534597 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 534597's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: 534597's interest payments on its debt are well covered by EBIT (4.1x coverage).