Veljan Denison Balance Sheet Health
Financial Health criteria checks 5/6
Veljan Denison has a total shareholder equity of ₹2.2B and total debt of ₹43.7M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are ₹2.5B and ₹356.1M respectively. Veljan Denison's EBIT is ₹288.3M making its interest coverage ratio -13.5. It has cash and short-term investments of ₹405.5M.
Key information
2.0%
Debt to equity ratio
₹43.71m
Debt
| Interest coverage ratio | -13.5x |
| Cash | ₹405.53m |
| Equity | ₹2.17b |
| Total liabilities | ₹356.09m |
| Total assets | ₹2.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 505232's short term assets (₹1.6B) exceed its short term liabilities (₹298.3M).
Long Term Liabilities: 505232's short term assets (₹1.6B) exceed its long term liabilities (₹57.8M).
Debt to Equity History and Analysis
Debt Level: 505232 has more cash than its total debt.
Reducing Debt: 505232's debt to equity ratio has increased from 1.1% to 2% over the past 5 years.
Debt Coverage: 505232's debt is well covered by operating cash flow (228.8%).
Interest Coverage: 505232 earns more interest than it pays, so coverage of interest payments is not a concern.