Ritco Logistics Balance Sheet Health
Financial Health criteria checks 4/6
Ritco Logistics has a total shareholder equity of ₹3.0B and total debt of ₹2.3B, which brings its debt-to-equity ratio to 77.6%. Its total assets and total liabilities are ₹5.5B and ₹2.5B respectively. Ritco Logistics's EBIT is ₹674.0M making its interest coverage ratio 3.6. It has cash and short-term investments of ₹62.3M.
Key information
77.6%
Debt to equity ratio
₹2.32b
Debt
| Interest coverage ratio | 3.6x |
| Cash | ₹62.34m |
| Equity | ₹2.99b |
| Total liabilities | ₹2.47b |
| Total assets | ₹5.46b |
Recent financial health updates
No updates
Recent updates
Impressive Earnings May Not Tell The Whole Story For Ritco Logistics (NSE:RITCO)
Nov 21
Here's Why We Think Ritco Logistics (NSE:RITCO) Might Deserve Your Attention Today
Oct 15Investors Still Aren't Entirely Convinced By Ritco Logistics Limited's (NSE:RITCO) Earnings Despite 28% Price Jump
Jul 02Ritco Logistics Limited's (NSE:RITCO) Shares Leap 26% Yet They're Still Not Telling The Full Story
Apr 13Should You Be Adding Ritco Logistics (NSE:RITCO) To Your Watchlist Today?
Jul 12Investors Shouldn't Be Too Comfortable With Ritco Logistics' (NSE:RITCO) Robust Earnings
Nov 22Earnings Not Telling The Story For Ritco Logistics Limited (NSE:RITCO)
Jun 09Financial Position Analysis
Short Term Liabilities: RITCO's short term assets (₹3.8B) exceed its short term liabilities (₹1.7B).
Long Term Liabilities: RITCO's short term assets (₹3.8B) exceed its long term liabilities (₹779.3M).
Debt to Equity History and Analysis
Debt Level: RITCO's net debt to equity ratio (75.6%) is considered high.
Reducing Debt: RITCO's debt to equity ratio has reduced from 128.8% to 77.6% over the past 5 years.
Debt Coverage: RITCO's debt is not well covered by operating cash flow (0.8%).
Interest Coverage: RITCO's interest payments on its debt are well covered by EBIT (3.6x coverage).