High Energy Batteries (India) Balance Sheet Health
Financial Health criteria checks 6/6
High Energy Batteries (India) has a total shareholder equity of ₹897.8M and total debt of ₹69.6M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are ₹1.1B and ₹185.8M respectively. High Energy Batteries (India)'s EBIT is ₹191.4M making its interest coverage ratio 37.5. It has cash and short-term investments of ₹40.2M.
Key information
7.8%
Debt to equity ratio
₹69.62m
Debt
| Interest coverage ratio | 37.5x |
| Cash | ₹40.23m |
| Equity | ₹897.79m |
| Total liabilities | ₹185.75m |
| Total assets | ₹1.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 504176's short term assets (₹643.4M) exceed its short term liabilities (₹148.1M).
Long Term Liabilities: 504176's short term assets (₹643.4M) exceed its long term liabilities (₹37.7M).
Debt to Equity History and Analysis
Debt Level: 504176's net debt to equity ratio (3.3%) is considered satisfactory.
Reducing Debt: 504176's debt to equity ratio has reduced from 186.3% to 7.8% over the past 5 years.
Debt Coverage: 504176's debt is well covered by operating cash flow (125.7%).
Interest Coverage: 504176's interest payments on its debt are well covered by EBIT (37.5x coverage).