Hi-Tech Gears Balance Sheet Health
Financial Health criteria checks 6/6
Hi-Tech Gears has a total shareholder equity of ₹4.9B and total debt of ₹1.4B, which brings its debt-to-equity ratio to 28.4%. Its total assets and total liabilities are ₹8.8B and ₹3.9B respectively. Hi-Tech Gears's EBIT is ₹972.0M making its interest coverage ratio 5.7. It has cash and short-term investments of ₹488.1M.
Key information
28.4%
Debt to equity ratio
₹1.39b
Debt
| Interest coverage ratio | 5.7x |
| Cash | ₹488.11m |
| Equity | ₹4.89b |
| Total liabilities | ₹3.90b |
| Total assets | ₹8.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 522073's short term assets (₹3.8B) exceed its short term liabilities (₹2.3B).
Long Term Liabilities: 522073's short term assets (₹3.8B) exceed its long term liabilities (₹1.6B).
Debt to Equity History and Analysis
Debt Level: 522073's net debt to equity ratio (18.5%) is considered satisfactory.
Reducing Debt: 522073's debt to equity ratio has reduced from 137.2% to 28.4% over the past 5 years.
Debt Coverage: 522073's debt is well covered by operating cash flow (102.8%).
Interest Coverage: 522073's interest payments on its debt are well covered by EBIT (5.7x coverage).