Confidence Petroleum India Balance Sheet Health
Financial Health criteria checks 4/6
Confidence Petroleum India has a total shareholder equity of ₹12.7B and total debt of ₹6.3B, which brings its debt-to-equity ratio to 49.9%. Its total assets and total liabilities are ₹22.0B and ₹9.4B respectively. Confidence Petroleum India's EBIT is ₹1.8B making its interest coverage ratio 2.1. It has cash and short-term investments of ₹2.6B.
Key information
49.9%
Debt to equity ratio
₹6.33b
Debt
| Interest coverage ratio | 2.1x |
| Cash | ₹2.59b |
| Equity | ₹12.67b |
| Total liabilities | ₹9.35b |
| Total assets | ₹22.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526829's short term assets (₹10.5B) exceed its short term liabilities (₹5.2B).
Long Term Liabilities: 526829's short term assets (₹10.5B) exceed its long term liabilities (₹4.1B).
Debt to Equity History and Analysis
Debt Level: 526829's net debt to equity ratio (29.5%) is considered satisfactory.
Reducing Debt: 526829's debt to equity ratio has increased from 18.5% to 49.9% over the past 5 years.
Debt Coverage: 526829's debt is well covered by operating cash flow (41.6%).
Interest Coverage: 526829's interest payments on its debt are not well covered by EBIT (2.1x coverage).