Veritas (India) Balance Sheet Health
Financial Health criteria checks 5/6
Veritas (India) has a total shareholder equity of ₹23.8B and total debt of ₹3.0B, which brings its debt-to-equity ratio to 12.7%. Its total assets and total liabilities are ₹42.5B and ₹18.6B respectively. Veritas (India)'s EBIT is ₹1.7B making its interest coverage ratio 7. It has cash and short-term investments of ₹143.6M.
Key information
12.7%
Debt to equity ratio
₹3.04b
Debt
Interest coverage ratio | 7x |
Cash | ₹143.62m |
Equity | ₹23.84b |
Total liabilities | ₹18.64b |
Total assets | ₹42.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 512229's short term assets (₹18.5B) exceed its short term liabilities (₹12.0B).
Long Term Liabilities: 512229's short term assets (₹18.5B) exceed its long term liabilities (₹6.7B).
Debt to Equity History and Analysis
Debt Level: 512229's net debt to equity ratio (12.1%) is considered satisfactory.
Reducing Debt: 512229's debt to equity ratio has reduced from 38.6% to 12.7% over the past 5 years.
Debt Coverage: 512229's debt is not well covered by operating cash flow (17.8%).
Interest Coverage: 512229's interest payments on its debt are well covered by EBIT (7x coverage).