Varroc Engineering Balance Sheet Health
Financial Health criteria checks 2/6
Varroc Engineering has a total shareholder equity of ₹15.3B and total debt of ₹13.9B, which brings its debt-to-equity ratio to 91.1%. Its total assets and total liabilities are ₹45.6B and ₹30.3B respectively. Varroc Engineering's EBIT is ₹4.4B making its interest coverage ratio 2.3. It has cash and short-term investments of ₹2.3B.
Key information
91.1%
Debt to equity ratio
₹13.90b
Debt
| Interest coverage ratio | 2.3x |
| Cash | ₹2.27b |
| Equity | ₹15.26b |
| Total liabilities | ₹30.34b |
| Total assets | ₹45.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 541578's short term assets (₹17.0B) do not cover its short term liabilities (₹21.6B).
Long Term Liabilities: 541578's short term assets (₹17.0B) exceed its long term liabilities (₹8.8B).
Debt to Equity History and Analysis
Debt Level: 541578's net debt to equity ratio (76.2%) is considered high.
Reducing Debt: 541578's debt to equity ratio has increased from 78.4% to 91.1% over the past 5 years.
Debt Coverage: 541578's debt is well covered by operating cash flow (45.9%).
Interest Coverage: 541578's interest payments on its debt are not well covered by EBIT (2.3x coverage).