Ranjeet Mechatronics Balance Sheet Health
Financial Health criteria checks 3/6
Ranjeet Mechatronics has a total shareholder equity of ₹196.2M and total debt of ₹95.1M, which brings its debt-to-equity ratio to 48.5%. Its total assets and total liabilities are ₹337.8M and ₹141.6M respectively. Ranjeet Mechatronics's EBIT is ₹3.0M making its interest coverage ratio 0.3. It has cash and short-term investments of ₹9.5M.
Key information
48.5%
Debt to equity ratio
₹95.13m
Debt
| Interest coverage ratio | 0.3x |
| Cash | ₹9.51m |
| Equity | ₹196.17m |
| Total liabilities | ₹141.61m |
| Total assets | ₹337.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 541945's short term assets (₹275.1M) exceed its short term liabilities (₹119.9M).
Long Term Liabilities: 541945's short term assets (₹275.1M) exceed its long term liabilities (₹21.7M).
Debt to Equity History and Analysis
Debt Level: 541945's net debt to equity ratio (43.6%) is considered high.
Reducing Debt: 541945's debt to equity ratio has reduced from 127.5% to 48.5% over the past 5 years.
Debt Coverage: 541945's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 541945's interest payments on its debt are not well covered by EBIT (0.3x coverage).