Hind Rectifiers Balance Sheet Health
Financial Health criteria checks 4/6
Hind Rectifiers has a total shareholder equity of ₹1.4B and total debt of ₹1.2B, which brings its debt-to-equity ratio to 88.1%. Its total assets and total liabilities are ₹3.4B and ₹2.0B respectively. Hind Rectifiers's EBIT is ₹539.3M making its interest coverage ratio 3.9. It has cash and short-term investments of ₹17.8M.
Key information
88.1%
Debt to equity ratio
₹1.23b
Debt
| Interest coverage ratio | 3.9x |
| Cash | ₹17.81m |
| Equity | ₹1.40b |
| Total liabilities | ₹1.97b |
| Total assets | ₹3.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 504036's short term assets (₹2.2B) exceed its short term liabilities (₹1.7B).
Long Term Liabilities: 504036's short term assets (₹2.2B) exceed its long term liabilities (₹303.5M).
Debt to Equity History and Analysis
Debt Level: 504036's net debt to equity ratio (86.8%) is considered high.
Reducing Debt: 504036's debt to equity ratio has increased from 77% to 88.1% over the past 5 years.
Debt Coverage: 504036's debt is well covered by operating cash flow (30.6%).
Interest Coverage: 504036's interest payments on its debt are well covered by EBIT (3.9x coverage).