Raymond Balance Sheet Health
Financial Health criteria checks 5/6
Raymond has a total shareholder equity of ₹26.7B and total debt of ₹21.0B, which brings its debt-to-equity ratio to 78.5%. Its total assets and total liabilities are ₹79.1B and ₹52.4B respectively. Raymond's EBIT is ₹8.8B making its interest coverage ratio 4.6. It has cash and short-term investments of ₹7.3B.
Key information
78.5%
Debt to equity ratio
₹20.96b
Debt
Interest coverage ratio | 4.6x |
Cash | ₹7.29b |
Equity | ₹26.69b |
Total liabilities | ₹52.42b |
Total assets | ₹79.11b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAYMO's short term assets (₹48.8B) exceed its short term liabilities (₹37.3B).
Long Term Liabilities: RAYMO's short term assets (₹48.8B) exceed its long term liabilities (₹15.2B).
Debt to Equity History and Analysis
Debt Level: RAYMO's net debt to equity ratio (51.2%) is considered high.
Reducing Debt: RAYMO's debt to equity ratio has reduced from 112.7% to 78.5% over the past 5 years.
Debt Coverage: RAYMO's debt is well covered by operating cash flow (32.5%).
Interest Coverage: RAYMO's interest payments on its debt are well covered by EBIT (4.6x coverage).