Varroc Engineering Balance Sheet Health
Financial Health criteria checks 3/6
Varroc Engineering has a total shareholder equity of ₹16.4B and total debt of ₹10.3B, which brings its debt-to-equity ratio to 63%. Its total assets and total liabilities are ₹47.3B and ₹30.9B respectively. Varroc Engineering's EBIT is ₹4.3B making its interest coverage ratio 2.6. It has cash and short-term investments of ₹2.1B.
Key information
63.0%
Debt to equity ratio
₹10.33b
Debt
| Interest coverage ratio | 2.6x |
| Cash | ₹2.05b |
| Equity | ₹16.40b |
| Total liabilities | ₹30.89b |
| Total assets | ₹47.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 541578's short term assets (₹19.4B) do not cover its short term liabilities (₹24.0B).
Long Term Liabilities: 541578's short term assets (₹19.4B) exceed its long term liabilities (₹6.9B).
Debt to Equity History and Analysis
Debt Level: 541578's net debt to equity ratio (50.4%) is considered high.
Reducing Debt: 541578's debt to equity ratio has reduced from 70.8% to 63% over the past 5 years.
Debt Coverage: 541578's debt is well covered by operating cash flow (58.5%).
Interest Coverage: 541578's interest payments on its debt are not well covered by EBIT (2.6x coverage).