Voltas Balance Sheet Health
Financial Health criteria checks 6/6
Voltas has a total shareholder equity of ₹57.6B and total debt of ₹5.6B, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are ₹100.1B and ₹42.5B respectively. Voltas's EBIT is ₹4.8B making its interest coverage ratio -121.5. It has cash and short-term investments of ₹14.2B.
Key information
9.6%
Debt to equity ratio
₹5.55b
Debt
Interest coverage ratio | -121.5x |
Cash | ₹14.19b |
Equity | ₹57.56b |
Total liabilities | ₹42.54b |
Total assets | ₹100.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500575's short term assets (₹59.5B) exceed its short term liabilities (₹40.7B).
Long Term Liabilities: 500575's short term assets (₹59.5B) exceed its long term liabilities (₹1.8B).
Debt to Equity History and Analysis
Debt Level: 500575 has more cash than its total debt.
Reducing Debt: 500575's debt to equity ratio has reduced from 13.1% to 9.6% over the past 5 years.
Debt Coverage: 500575's debt is well covered by operating cash flow (130.5%).
Interest Coverage: 500575 earns more interest than it pays, so coverage of interest payments is not a concern.