Waaree Renewable Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Waaree Renewable Technologies has a total shareholder equity of ₹1.1B and total debt of ₹387.2M, which brings its debt-to-equity ratio to 34.4%. Its total assets and total liabilities are ₹4.3B and ₹3.1B respectively. Waaree Renewable Technologies's EBIT is ₹1.5B making its interest coverage ratio 36.4. It has cash and short-term investments of ₹629.2M.
Key information
34.4%
Debt to equity ratio
₹387.23m
Debt
Interest coverage ratio | 36.4x |
Cash | ₹629.15m |
Equity | ₹1.13b |
Total liabilities | ₹3.13b |
Total assets | ₹4.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 534618's short term assets (₹2.7B) exceed its short term liabilities (₹2.7B).
Long Term Liabilities: 534618's short term assets (₹2.7B) exceed its long term liabilities (₹468.0M).
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 86.1% to 34.4% over the past 5 years.
Debt Coverage: 534618's debt is well covered by operating cash flow (332.7%).
Interest Coverage: 534618's interest payments on its debt are well covered by EBIT (36.4x coverage).