Patel Engineering Balance Sheet Health
Financial Health criteria checks 5/6
Patel Engineering has a total shareholder equity of ₹36.4B and total debt of ₹14.4B, which brings its debt-to-equity ratio to 39.5%. Its total assets and total liabilities are ₹93.7B and ₹57.3B respectively. Patel Engineering's EBIT is ₹6.1B making its interest coverage ratio 2.7. It has cash and short-term investments of ₹5.0B.
Key information
39.5%
Debt to equity ratio
₹14.38b
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹4.99b |
| Equity | ₹36.38b |
| Total liabilities | ₹57.28b |
| Total assets | ₹93.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531120's short term assets (₹63.5B) exceed its short term liabilities (₹38.8B).
Long Term Liabilities: 531120's short term assets (₹63.5B) exceed its long term liabilities (₹18.5B).
Debt to Equity History and Analysis
Debt Level: 531120's net debt to equity ratio (25.8%) is considered satisfactory.
Reducing Debt: 531120's debt to equity ratio has reduced from 108% to 39.5% over the past 5 years.
Debt Coverage: 531120's debt is well covered by operating cash flow (47.1%).
Interest Coverage: 531120's interest payments on its debt are not well covered by EBIT (2.7x coverage).