Hi-Tech Gears Balance Sheet Health
Financial Health criteria checks 5/6
Hi-Tech Gears has a total shareholder equity of ₹4.7B and total debt of ₹1.9B, which brings its debt-to-equity ratio to 41.7%. Its total assets and total liabilities are ₹9.1B and ₹4.4B respectively. Hi-Tech Gears's EBIT is ₹887.7M making its interest coverage ratio 2.4. It has cash and short-term investments of ₹538.4M.
Key information
41.7%
Debt to equity ratio
₹1.95b
Debt
| Interest coverage ratio | 2.4x |
| Cash | ₹538.43m |
| Equity | ₹4.66b |
| Total liabilities | ₹4.42b |
| Total assets | ₹9.08b |
Recent financial health updates
Is Hi-Tech Gears (NSE:HITECHGEAR) Using Too Much Debt?
May 31
We Think Hi-Tech Gears (NSE:HITECHGEAR) Can Stay On Top Of Its Debt
Feb 10Does Hi-Tech Gears (NSE:HITECHGEAR) Have A Healthy Balance Sheet?
Jun 03We Think Hi-Tech Gears (NSE:HITECHGEAR) Is Taking Some Risk With Its Debt
Jan 01Does Hi-Tech Gears (NSE:HITECHGEAR) Have A Healthy Balance Sheet?
Dec 03These 4 Measures Indicate That Hi-Tech Gears (NSE:HITECHGEAR) Is Using Debt In A Risky Way
Jan 02
Recent updates
Concerns Surrounding Hi-Tech Gears' (NSE:HITECHGEAR) Performance
Jun 06Is Hi-Tech Gears (NSE:HITECHGEAR) Using Too Much Debt?
May 31Further Upside For The Hi-Tech Gears Limited (NSE:HITECHGEAR) Shares Could Introduce Price Risks After 26% Bounce
May 06Returns On Capital At Hi-Tech Gears (NSE:HITECHGEAR) Have Hit The Brakes
Apr 18The Market Lifts The Hi-Tech Gears Limited (NSE:HITECHGEAR) Shares 36% But It Can Do More
Mar 22Is Now The Time To Put Hi-Tech Gears (NSE:HITECHGEAR) On Your Watchlist?
Mar 19We Think Hi-Tech Gears (NSE:HITECHGEAR) Can Stay On Top Of Its Debt
Feb 10Here's Why We Think Hi-Tech Gears (NSE:HITECHGEAR) Might Deserve Your Attention Today
Nov 17Shareholders May Be More Conservative With The Hi-Tech Gears Limited's (NSE:HITECHGEAR) CEO Compensation For Now
Sep 22The Returns At Hi-Tech Gears (NSE:HITECHGEAR) Aren't Growing
Jun 26Does Hi-Tech Gears (NSE:HITECHGEAR) Have A Healthy Balance Sheet?
Jun 03Calculating The Fair Value Of The Hi-Tech Gears Limited (NSE:HITECHGEAR)
Jan 28We Think Hi-Tech Gears (NSE:HITECHGEAR) Is Taking Some Risk With Its Debt
Jan 01Hi-Tech Gears' (NSE:HITECHGEAR) Shareholders Will Receive A Smaller Dividend Than Last Year
Sep 02Hi-Tech Gears (NSE:HITECHGEAR) Will Pay A Smaller Dividend Than Last Year
Aug 11There Are Reasons To Feel Uneasy About Hi-Tech Gears' (NSE:HITECHGEAR) Returns On Capital
Apr 05Does Hi-Tech Gears (NSE:HITECHGEAR) Have A Healthy Balance Sheet?
Dec 03Hi-Tech Gears (NSE:HITECHGEAR) Will Want To Turn Around Its Return Trends
Sep 08Hi-Tech Gears (NSE:HITECHGEAR) May Have Issues Allocating Its Capital
May 18Insider Buying: Aabha Kapuria Just Spent ₹77k On The Hi-Tech Gears Limited (NSE:HITECHGEAR) Shares
Mar 12Reflecting on Hi-Tech Gears' (NSE:HITECHGEAR) Share Price Returns Over The Last Three Years
Feb 06These 4 Measures Indicate That Hi-Tech Gears (NSE:HITECHGEAR) Is Using Debt In A Risky Way
Jan 02Aabha Kapuria of The Hi-Tech Gears Limited (NSE:HITECHGEAR) Just Spent ₹1.2m On Shares
Nov 28The Returns At Hi-Tech Gears (NSE:HITECHGEAR) Provide Us With Signs Of What's To Come
Nov 17Insider Buying: Megha Kapuria Just Spent ₹1.2m On The Hi-Tech Gears Limited (NSE:HITECHGEAR) Shares
Sep 25Financial Position Analysis
Short Term Liabilities: HITECHGEAR's short term assets (₹4.2B) exceed its short term liabilities (₹2.9B).
Long Term Liabilities: HITECHGEAR's short term assets (₹4.2B) exceed its long term liabilities (₹1.5B).
Debt to Equity History and Analysis
Debt Level: HITECHGEAR's net debt to equity ratio (30.2%) is considered satisfactory.
Reducing Debt: HITECHGEAR's debt to equity ratio has reduced from 161.3% to 41.7% over the past 5 years.
Debt Coverage: HITECHGEAR's debt is well covered by operating cash flow (60.4%).
Interest Coverage: HITECHGEAR's interest payments on its debt are not well covered by EBIT (2.4x coverage).