Thermax Balance Sheet Health
Financial Health criteria checks 4/6
Thermax has a total shareholder equity of ₹44.4B and total debt of ₹12.6B, which brings its debt-to-equity ratio to 28.3%. Its total assets and total liabilities are ₹101.5B and ₹57.1B respectively. Thermax's EBIT is ₹7.1B making its interest coverage ratio -40.4. It has cash and short-term investments of ₹23.4B.
Key information
28.3%
Debt to equity ratio
₹12.56b
Debt
Interest coverage ratio | -40.4x |
Cash | ₹23.38b |
Equity | ₹44.40b |
Total liabilities | ₹57.13b |
Total assets | ₹101.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500411's short term assets (₹64.5B) exceed its short term liabilities (₹47.3B).
Long Term Liabilities: 500411's short term assets (₹64.5B) exceed its long term liabilities (₹9.9B).
Debt to Equity History and Analysis
Debt Level: 500411 has more cash than its total debt.
Reducing Debt: 500411's debt to equity ratio has increased from 8.3% to 28.3% over the past 5 years.
Debt Coverage: 500411's debt is not well covered by operating cash flow (19.7%).
Interest Coverage: 500411 earns more interest than it pays, so coverage of interest payments is not a concern.