High Energy Batteries (India) Balance Sheet Health
Financial Health criteria checks 6/6
High Energy Batteries (India) has a total shareholder equity of ₹801.2M and total debt of ₹138.5M, which brings its debt-to-equity ratio to 17.3%. Its total assets and total liabilities are ₹1.1B and ₹300.9M respectively. High Energy Batteries (India)'s EBIT is ₹305.2M making its interest coverage ratio 16.4. It has cash and short-term investments of ₹82.8M.
Key information
17.3%
Debt to equity ratio
₹138.47m
Debt
Interest coverage ratio | 16.4x |
Cash | ₹82.76m |
Equity | ₹801.16m |
Total liabilities | ₹300.90m |
Total assets | ₹1.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 504176's short term assets (₹693.0M) exceed its short term liabilities (₹264.4M).
Long Term Liabilities: 504176's short term assets (₹693.0M) exceed its long term liabilities (₹36.5M).
Debt to Equity History and Analysis
Debt Level: 504176's net debt to equity ratio (7%) is considered satisfactory.
Reducing Debt: 504176's debt to equity ratio has reduced from 224% to 17.3% over the past 5 years.
Debt Coverage: 504176's debt is well covered by operating cash flow (269.4%).
Interest Coverage: 504176's interest payments on its debt are well covered by EBIT (16.4x coverage).