Hi-Tech Gears Balance Sheet Health
Financial Health criteria checks 4/6
Hi-Tech Gears has a total shareholder equity of ₹4.3B and total debt of ₹3.4B, which brings its debt-to-equity ratio to 79.1%. Its total assets and total liabilities are ₹9.4B and ₹5.0B respectively. Hi-Tech Gears's EBIT is ₹826.6M making its interest coverage ratio 2.3. It has cash and short-term investments of ₹626.5M.
Key information
79.1%
Debt to equity ratio
₹3.44b
Debt
Interest coverage ratio | 2.3x |
Cash | ₹626.52m |
Equity | ₹4.35b |
Total liabilities | ₹5.04b |
Total assets | ₹9.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 522073's short term assets (₹4.3B) exceed its short term liabilities (₹3.6B).
Long Term Liabilities: 522073's short term assets (₹4.3B) exceed its long term liabilities (₹1.5B).
Debt to Equity History and Analysis
Debt Level: 522073's net debt to equity ratio (64.7%) is considered high.
Reducing Debt: 522073's debt to equity ratio has reduced from 158.9% to 79.1% over the past 5 years.
Debt Coverage: 522073's debt is well covered by operating cash flow (22.4%).
Interest Coverage: 522073's interest payments on its debt are not well covered by EBIT (2.3x coverage).