Technocraft Industries (India) Balance Sheet Health
Financial Health criteria checks 6/6
Technocraft Industries (India) has a total shareholder equity of ₹17.1B and total debt of ₹7.4B, which brings its debt-to-equity ratio to 43.2%. Its total assets and total liabilities are ₹28.6B and ₹11.5B respectively. Technocraft Industries (India)'s EBIT is ₹3.4B making its interest coverage ratio 10.2. It has cash and short-term investments of ₹2.5B.
Key information
43.2%
Debt to equity ratio
₹7.38b
Debt
| Interest coverage ratio | 10.2x |
| Cash | ₹2.45b |
| Equity | ₹17.08b |
| Total liabilities | ₹11.52b |
| Total assets | ₹28.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532804's short term assets (₹16.3B) exceed its short term liabilities (₹8.9B).
Long Term Liabilities: 532804's short term assets (₹16.3B) exceed its long term liabilities (₹2.6B).
Debt to Equity History and Analysis
Debt Level: 532804's net debt to equity ratio (28.8%) is considered satisfactory.
Reducing Debt: 532804's debt to equity ratio has reduced from 66.1% to 43.2% over the past 5 years.
Debt Coverage: 532804's debt is well covered by operating cash flow (45.3%).
Interest Coverage: 532804's interest payments on its debt are well covered by EBIT (10.2x coverage).