Delton Cables Balance Sheet Health
Financial Health criteria checks 2/6
Delton Cables has a total shareholder equity of ₹713.3M and total debt of ₹1.1B, which brings its debt-to-equity ratio to 158.6%. Its total assets and total liabilities are ₹2.7B and ₹2.0B respectively. Delton Cables's EBIT is ₹271.7M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹84.8M.
Key information
158.6%
Debt to equity ratio
₹1.13b
Debt
Interest coverage ratio | 1.5x |
Cash | ₹84.78m |
Equity | ₹713.29m |
Total liabilities | ₹1.96b |
Total assets | ₹2.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 504240's short term assets (₹2.3B) exceed its short term liabilities (₹1.9B).
Long Term Liabilities: 504240's short term assets (₹2.3B) exceed its long term liabilities (₹108.3M).
Debt to Equity History and Analysis
Debt Level: 504240's net debt to equity ratio (146.7%) is considered high.
Reducing Debt: 504240's debt to equity ratio has increased from 117.6% to 158.6% over the past 5 years.
Debt Coverage: 504240's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 504240's interest payments on its debt are not well covered by EBIT (1.5x coverage).