Resourceful Automobile Balance Sheet Health
Financial Health criteria checks 3/6
Resourceful Automobile has a total shareholder equity of ₹31.6M and total debt of ₹99.2M, which brings its debt-to-equity ratio to 314.3%. Its total assets and total liabilities are ₹145.1M and ₹113.6M respectively. Resourceful Automobile's EBIT is ₹32.3M making its interest coverage ratio 3.2. It has cash and short-term investments of ₹8.6M.
Key information
314.3%
Debt to equity ratio
₹99.23m
Debt
| Interest coverage ratio | 3.2x |
| Cash | ₹8.57m |
| Equity | ₹31.58m |
| Total liabilities | ₹113.56m |
| Total assets | ₹145.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 544236's short term assets (₹141.5M) exceed its short term liabilities (₹50.6M).
Long Term Liabilities: 544236's short term assets (₹141.5M) exceed its long term liabilities (₹63.0M).
Debt to Equity History and Analysis
Debt Level: 544236's net debt to equity ratio (287.1%) is considered high.
Reducing Debt: Insufficient data to determine if 544236's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 544236's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 544236's interest payments on its debt are well covered by EBIT (3.2x coverage).