Waaree Renewable Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Waaree Renewable Technologies has a total shareholder equity of ₹3.2B and total debt of ₹324.4M, which brings its debt-to-equity ratio to 10.2%. Its total assets and total liabilities are ₹10.0B and ₹6.9B respectively. Waaree Renewable Technologies's EBIT is ₹2.7B making its interest coverage ratio 42.1. It has cash and short-term investments of ₹1.9B.
Key information
10.2%
Debt to equity ratio
₹324.40m
Debt
| Interest coverage ratio | 42.1x |
| Cash | ₹1.92b |
| Equity | ₹3.18b |
| Total liabilities | ₹6.85b |
| Total assets | ₹10.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 534618's short term assets (₹8.4B) exceed its short term liabilities (₹6.4B).
Long Term Liabilities: 534618's short term assets (₹8.4B) exceed its long term liabilities (₹497.3M).
Debt to Equity History and Analysis
Debt Level: 534618 has more cash than its total debt.
Reducing Debt: 534618's debt to equity ratio has reduced from 79.7% to 10.2% over the past 5 years.
Debt Coverage: 534618's debt is well covered by operating cash flow (488%).
Interest Coverage: 534618's interest payments on its debt are well covered by EBIT (42.1x coverage).