Patels Airtemp (India) Balance Sheet Health
Financial Health criteria checks 3/6
Patels Airtemp (India) has a total shareholder equity of ₹1.5B and total debt of ₹946.6M, which brings its debt-to-equity ratio to 63.4%. Its total assets and total liabilities are ₹3.3B and ₹1.9B respectively. Patels Airtemp (India)'s EBIT is ₹330.0M making its interest coverage ratio 4.2. It has cash and short-term investments of ₹44.4M.
Key information
63.4%
Debt to equity ratio
₹946.61m
Debt
| Interest coverage ratio | 4.2x |
| Cash | ₹44.44m |
| Equity | ₹1.49b |
| Total liabilities | ₹1.86b |
| Total assets | ₹3.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 517417's short term assets (₹2.6B) exceed its short term liabilities (₹1.7B).
Long Term Liabilities: 517417's short term assets (₹2.6B) exceed its long term liabilities (₹179.1M).
Debt to Equity History and Analysis
Debt Level: 517417's net debt to equity ratio (60.4%) is considered high.
Reducing Debt: 517417's debt to equity ratio has increased from 50.4% to 63.4% over the past 5 years.
Debt Coverage: 517417's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: 517417's interest payments on its debt are well covered by EBIT (4.2x coverage).