Investment & Precision Castings Balance Sheet Health
Financial Health criteria checks 3/6
Investment & Precision Castings has a total shareholder equity of ₹889.4M and total debt of ₹713.9M, which brings its debt-to-equity ratio to 80.3%. Its total assets and total liabilities are ₹2.1B and ₹1.2B respectively. Investment & Precision Castings's EBIT is ₹150.3M making its interest coverage ratio 2.4. It has cash and short-term investments of ₹44.2M.
Key information
80.3%
Debt to equity ratio
₹713.94m
Debt
| Interest coverage ratio | 2.4x |
| Cash | ₹44.16m |
| Equity | ₹889.42m |
| Total liabilities | ₹1.18b |
| Total assets | ₹2.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 504786's short term assets (₹1.1B) exceed its short term liabilities (₹1.0B).
Long Term Liabilities: 504786's short term assets (₹1.1B) exceed its long term liabilities (₹167.4M).
Debt to Equity History and Analysis
Debt Level: 504786's net debt to equity ratio (75.3%) is considered high.
Reducing Debt: 504786's debt to equity ratio has increased from 78.2% to 80.3% over the past 5 years.
Debt Coverage: 504786's debt is well covered by operating cash flow (20.2%).
Interest Coverage: 504786's interest payments on its debt are not well covered by EBIT (2.4x coverage).