REDTAPE Balance Sheet Health
Financial Health criteria checks 3/6
REDTAPE has a total shareholder equity of ₹6.5B and total debt of ₹4.8B, which brings its debt-to-equity ratio to 74%. Its total assets and total liabilities are ₹15.9B and ₹9.4B respectively. REDTAPE's EBIT is ₹2.4B making its interest coverage ratio 6.3. It has cash and short-term investments of ₹210.4M.
Key information
74.0%
Debt to equity ratio
₹4.80b
Debt
| Interest coverage ratio | 6.3x |
| Cash | ₹210.40m |
| Equity | ₹6.48b |
| Total liabilities | ₹9.40b |
| Total assets | ₹15.88b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: REDTAPE's short term assets (₹9.1B) exceed its short term liabilities (₹6.2B).
Long Term Liabilities: REDTAPE's short term assets (₹9.1B) exceed its long term liabilities (₹3.2B).
Debt to Equity History and Analysis
Debt Level: REDTAPE's net debt to equity ratio (70.8%) 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 (17.6%).
Interest Coverage: REDTAPE's interest payments on its debt are well covered by EBIT (6.3x coverage).