Elgi Equipments Balance Sheet Health
Financial Health criteria checks 5/6
Elgi Equipments has a total shareholder equity of ₹14.6B and total debt of ₹6.2B, which brings its debt-to-equity ratio to 42.6%. Its total assets and total liabilities are ₹26.2B and ₹11.6B respectively. Elgi Equipments's EBIT is ₹4.2B making its interest coverage ratio 114.2. It has cash and short-term investments of ₹6.3B.
Key information
42.6%
Debt to equity ratio
₹6.23b
Debt
Interest coverage ratio | 114.2x |
Cash | ₹6.31b |
Equity | ₹14.62b |
Total liabilities | ₹11.56b |
Total assets | ₹26.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 522074's short term assets (₹19.2B) exceed its short term liabilities (₹10.5B).
Long Term Liabilities: 522074's short term assets (₹19.2B) exceed its long term liabilities (₹1.0B).
Debt to Equity History and Analysis
Debt Level: 522074 has more cash than its total debt.
Reducing Debt: 522074's debt to equity ratio has increased from 39.6% to 42.6% over the past 5 years.
Debt Coverage: 522074's debt is well covered by operating cash flow (43.6%).
Interest Coverage: 522074's interest payments on its debt are well covered by EBIT (114.2x coverage).