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What is the debt of Reliance Industries?
Helped along by the record capital raised last year, the company has declared steep falls in both gross and net debt—from Rs 3.36 lakh crore and Rs 1.61 lakh crore respectively at the end of FY20 to Rs 2.51 lakh crore and a negative Rs 2,208 crore as of March 31, 2021.
How much is Reliance Jio debt?
Reliance Jio reported a total debt of nearly 232 billion Indian rupees in fiscal year 2020. This was significantly lower than the debt of teh company in the previous year. Reliance Jio, owned by Mukesh Ambani, was a wholly owned subsidiary of Reliance Industries.
What is debt equity ratio of Reliance Industries?
Financials
| Key Financial Ratios of Reliance Industries (in Rs. Cr.) | Mar 21 | Mar 19 |
|---|---|---|
| Total Debt/Equity (X) | 0.41 | 0.39 |
| Asset Turnover Ratio (\%) | 28.11 | 47.90 |
| Liquidity Ratios | ||
| Current Ratio (X) | 1.04 | 0.76 |
What does net debt-free mean?
Simply put, net debt is borrowings minus cash. So, if a business has debt of ₹100 and cash of ₹40, its net debt would be ₹60 (100 minus 40). So, when a business says it is net debt-free, that does not mean it has repaid all its borrowings.
Is HDFC Bank Debt Free?
HDFC Bank’s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $0 Mil. HDFC Bank’s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $20,345 Mil.
Which bank Ambani uses?
Mukesh Ambani led RIL HDFC Bank: Latest News & Videos, Photos about Mukesh Ambani led RIL HDFC Bank | The Economic Times – Page 1.
Is Reliance Industries debt-free?
Until 2012, RIL was debt-free on a net basis, but since then it has witnessed a 438\% increase in its gross debt. As Reliance Industries ended FY’19 with net debt of Rs 1,54,478 crore, chairman Mukesh Ambani has been trying to assuage investor concerns over the group’s rising debt levels.
How reliance became debt-free in 58 days?
Reliance Industries’ (RIL) chairman Mukesh Ambani in a statement on Friday said the company has become debt-free after it managed to raise Rs 1,68,818 crore in just 58 days. At last count, Ambani-led telecom venture Jio Platforms had raised Rs 1,15,693 crore through 11 back-to-back deals within a span of eight weeks.
How will reliance RIL’s net debt look in FY20?
RIL further states in its FY20 annual report that “if investment in RIL shares held by Petroleum Trust and Reliance Services and Holdings Limited is considered as marketable securities, the net debt shall further reduce by ₹43,294 crore to ₹1,17,741 crore.”
Will reliance become zero-net-debt company by March 2021?
Reliance Industries had announced last year plans to become a zero-net-debt company by March 2021. , technology and retail conglomerate reduce debt and create a buffer to cushion the impact of Covid-19 pandemic on businesses, analysts said.