Rockingdeals Circular Economy Balance Sheet Health
Financial Health criteria checks 3/6
Rockingdeals Circular Economy has a total shareholder equity of ₹69.3M and total debt of ₹39.3M, which brings its debt-to-equity ratio to 56.7%. Its total assets and total liabilities are ₹122.7M and ₹53.3M respectively. Rockingdeals Circular Economy's EBIT is ₹24.7M making its interest coverage ratio 5.9. It has cash and short-term investments of ₹645.2K.
Key information
56.7%
Debt to equity ratio
₹39.32m
Debt
Interest coverage ratio | 5.9x |
Cash | ₹645.22k |
Equity | ₹69.33m |
Total liabilities | ₹53.33m |
Total assets | ₹122.66m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ROCKINGDCE's short term assets (₹74.1M) exceed its short term liabilities (₹49.2M).
Long Term Liabilities: ROCKINGDCE's short term assets (₹74.1M) exceed its long term liabilities (₹4.2M).
Debt to Equity History and Analysis
Debt Level: ROCKINGDCE's net debt to equity ratio (55.8%) is considered high.
Reducing Debt: Insufficient data to determine if ROCKINGDCE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ROCKINGDCE's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: ROCKINGDCE's interest payments on its debt are well covered by EBIT (5.9x coverage).