Patels Airtemp (India) Balance Sheet Health
Financial Health criteria checks 3/6
Patels Airtemp (India) has a total shareholder equity of ₹1.3B and total debt of ₹950.7M, which brings its debt-to-equity ratio to 70.7%. Its total assets and total liabilities are ₹3.8B and ₹2.5B respectively. Patels Airtemp (India)'s EBIT is ₹288.5M making its interest coverage ratio 4.2. It has cash and short-term investments of ₹142.8M.
Key information
70.7%
Debt to equity ratio
₹950.68m
Debt
Interest coverage ratio | 4.2x |
Cash | ₹142.84m |
Equity | ₹1.34b |
Total liabilities | ₹2.45b |
Total assets | ₹3.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 517417's short term assets (₹3.2B) exceed its short term liabilities (₹2.3B).
Long Term Liabilities: 517417's short term assets (₹3.2B) exceed its long term liabilities (₹174.8M).
Debt to Equity History and Analysis
Debt Level: 517417's net debt to equity ratio (60.1%) is considered high.
Reducing Debt: 517417's debt to equity ratio has increased from 42.4% to 70.7% over the past 5 years.
Debt Coverage: 517417's debt is not well covered by operating cash flow (12%).
Interest Coverage: 517417's interest payments on its debt are well covered by EBIT (4.2x coverage).