Ultracab (India) Balance Sheet Health
Financial Health criteria checks 4/6
Ultracab (India) has a total shareholder equity of ₹345.5M and total debt of ₹382.7M, which brings its debt-to-equity ratio to 110.8%. Its total assets and total liabilities are ₹939.3M and ₹593.9M respectively. Ultracab (India)'s EBIT is ₹111.2M making its interest coverage ratio 3.4. It has cash and short-term investments of ₹25.3M.
Key information
110.8%
Debt to equity ratio
₹382.68m
Debt
Interest coverage ratio | 3.4x |
Cash | ₹25.35m |
Equity | ₹345.48m |
Total liabilities | ₹593.86m |
Total assets | ₹939.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 538706's short term assets (₹868.0M) exceed its short term liabilities (₹535.5M).
Long Term Liabilities: 538706's short term assets (₹868.0M) exceed its long term liabilities (₹58.3M).
Debt to Equity History and Analysis
Debt Level: 538706's net debt to equity ratio (103.4%) is considered high.
Reducing Debt: 538706's debt to equity ratio has reduced from 126.1% to 110.8% over the past 5 years.
Debt Coverage: 538706's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: 538706's interest payments on its debt are well covered by EBIT (3.4x coverage).