Balkrishna Industries Balance Sheet Health
Financial Health criteria checks 5/6
Balkrishna Industries has a total shareholder equity of ₹94.0B and total debt of ₹31.2B, which brings its debt-to-equity ratio to 33.2%. Its total assets and total liabilities are ₹145.0B and ₹51.0B respectively. Balkrishna Industries's EBIT is ₹18.0B making its interest coverage ratio 28.3. It has cash and short-term investments of ₹17.1B.
Key information
33.2%
Debt to equity ratio
₹31.18b
Debt
| Interest coverage ratio | 28.3x |
| Cash | ₹17.11b |
| Equity | ₹93.99b |
| Total liabilities | ₹51.03b |
| Total assets | ₹145.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 502355's short term assets (₹53.4B) exceed its short term liabilities (₹39.6B).
Long Term Liabilities: 502355's short term assets (₹53.4B) exceed its long term liabilities (₹11.4B).
Debt to Equity History and Analysis
Debt Level: 502355's net debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: 502355's debt to equity ratio has increased from 14.4% to 33.2% over the past 5 years.
Debt Coverage: 502355's debt is well covered by operating cash flow (55%).
Interest Coverage: 502355's interest payments on its debt are well covered by EBIT (28.3x coverage).