Patel Engineering Balance Sheet Health
Financial Health criteria checks 4/6
Patel Engineering has a total shareholder equity of ₹30.2B and total debt of ₹19.5B, which brings its debt-to-equity ratio to 64.8%. Its total assets and total liabilities are ₹88.3B and ₹58.1B respectively. Patel Engineering's EBIT is ₹5.8B making its interest coverage ratio 2.2. It has cash and short-term investments of ₹1.2B.
Key information
64.8%
Debt to equity ratio
₹19.55b
Debt
Interest coverage ratio | 2.2x |
Cash | ₹1.18b |
Equity | ₹30.16b |
Total liabilities | ₹58.15b |
Total assets | ₹88.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531120's short term assets (₹54.7B) exceed its short term liabilities (₹40.0B).
Long Term Liabilities: 531120's short term assets (₹54.7B) exceed its long term liabilities (₹18.1B).
Debt to Equity History and Analysis
Debt Level: 531120's net debt to equity ratio (60.9%) is considered high.
Reducing Debt: 531120's debt to equity ratio has reduced from 119.5% to 64.8% over the past 5 years.
Debt Coverage: 531120's debt is well covered by operating cash flow (27.3%).
Interest Coverage: 531120's interest payments on its debt are not well covered by EBIT (2.2x coverage).