Finolex Cables Balance Sheet Health
Financial Health criteria checks 5/6
Finolex Cables has a total shareholder equity of ₹46.0B and total debt of ₹191.3M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are ₹53.4B and ₹7.4B respectively. Finolex Cables's EBIT is ₹5.3B making its interest coverage ratio -11.2. It has cash and short-term investments of ₹25.7B.
Key information
0.4%
Debt to equity ratio
₹191.30m
Debt
Interest coverage ratio | -11.2x |
Cash | ₹25.75b |
Equity | ₹45.99b |
Total liabilities | ₹7.38b |
Total assets | ₹53.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500144's short term assets (₹34.8B) exceed its short term liabilities (₹4.3B).
Long Term Liabilities: 500144's short term assets (₹34.8B) exceed its long term liabilities (₹3.1B).
Debt to Equity History and Analysis
Debt Level: 500144 has more cash than its total debt.
Reducing Debt: 500144's debt to equity ratio has increased from 0.01% to 0.4% over the past 5 years.
Debt Coverage: 500144's debt is well covered by operating cash flow (2317.9%).
Interest Coverage: 500144 earns more interest than it pays, so coverage of interest payments is not a concern.