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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 13:20 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
RattanIndia Enterprises Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Minit Jhaveri | CNI Research Limited |