Redtape Balance Sheet Health
Financial Health criteria checks 3/6
Redtape has a total shareholder equity of ₹5.5B and total debt of ₹4.7B, which brings its debt-to-equity ratio to 84.9%. Its total assets and total liabilities are ₹14.8B and ₹9.2B respectively. Redtape's EBIT is ₹2.5B making its interest coverage ratio 8. It has cash and short-term investments of ₹254.7M.
Key information
84.9%
Debt to equity ratio
₹4.71b
Debt
Interest coverage ratio | 8x |
Cash | ₹254.70m |
Equity | ₹5.55b |
Total liabilities | ₹9.24b |
Total assets | ₹14.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: REDTAPE's short term assets (₹9.2B) exceed its short term liabilities (₹6.5B).
Long Term Liabilities: REDTAPE's short term assets (₹9.2B) exceed its long term liabilities (₹2.8B).
Debt to Equity History and Analysis
Debt Level: REDTAPE's net debt to equity ratio (80.3%) is considered high.
Reducing Debt: Insufficient data to determine if REDTAPE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: REDTAPE's debt is not well covered by operating cash flow (15.6%).
Interest Coverage: REDTAPE's interest payments on its debt are well covered by EBIT (8x coverage).