Taparia Tools Balance Sheet Health
Financial Health criteria checks 5/6
Taparia Tools has a total shareholder equity of ₹2.9B and total debt of ₹4.5M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are ₹4.0B and ₹1.1B respectively. Taparia Tools's EBIT is ₹1.1B making its interest coverage ratio -214. It has cash and short-term investments of ₹1.1B.
Key information
0.2%
Debt to equity ratio
₹4.50m
Debt
Interest coverage ratio | -214x |
Cash | ₹1.15b |
Equity | ₹2.89b |
Total liabilities | ₹1.07b |
Total assets | ₹3.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 505685's short term assets (₹3.6B) exceed its short term liabilities (₹1.0B).
Long Term Liabilities: 505685's short term assets (₹3.6B) exceed its long term liabilities (₹46.2M).
Debt to Equity History and Analysis
Debt Level: 505685 has more cash than its total debt.
Reducing Debt: 505685's debt to equity ratio has increased from 0% to 0.2% over the past 5 years.
Debt Coverage: 505685's debt is well covered by operating cash flow (14937.1%).
Interest Coverage: 505685 earns more interest than it pays, so coverage of interest payments is not a concern.