Confidence Petroleum India Balance Sheet Health
Financial Health criteria checks 4/6
Confidence Petroleum India has a total shareholder equity of ₹9.6B and total debt of ₹4.5B, which brings its debt-to-equity ratio to 46.4%. Its total assets and total liabilities are ₹18.2B and ₹8.6B respectively. Confidence Petroleum India's EBIT is ₹2.0B making its interest coverage ratio 4. It has cash and short-term investments of ₹524.9M.
Key information
46.4%
Debt to equity ratio
₹4.45b
Debt
Interest coverage ratio | 4x |
Cash | ₹524.90m |
Equity | ₹9.60b |
Total liabilities | ₹8.58b |
Total assets | ₹18.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526829's short term assets (₹6.5B) exceed its short term liabilities (₹5.3B).
Long Term Liabilities: 526829's short term assets (₹6.5B) exceed its long term liabilities (₹3.3B).
Debt to Equity History and Analysis
Debt Level: 526829's net debt to equity ratio (40.9%) is considered high.
Reducing Debt: 526829's debt to equity ratio has increased from 21.6% to 46.4% over the past 5 years.
Debt Coverage: 526829's debt is well covered by operating cash flow (32.5%).
Interest Coverage: 526829's interest payments on its debt are well covered by EBIT (4x coverage).