Veto Switchgears and Cables Balance Sheet Health
Financial Health criteria checks 6/6
Veto Switchgears and Cables has a total shareholder equity of ₹2.6B and total debt of ₹109.6M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are ₹3.2B and ₹582.9M respectively. Veto Switchgears and Cables's EBIT is ₹273.4M making its interest coverage ratio 39.9. It has cash and short-term investments of ₹22.0M.
Key information
4.2%
Debt to equity ratio
₹109.58m
Debt
| Interest coverage ratio | 39.9x |
| Cash | ₹21.99m |
| Equity | ₹2.58b |
| Total liabilities | ₹582.86m |
| Total assets | ₹3.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539331's short term assets (₹2.5B) exceed its short term liabilities (₹498.0M).
Long Term Liabilities: 539331's short term assets (₹2.5B) exceed its long term liabilities (₹84.9M).
Debt to Equity History and Analysis
Debt Level: 539331's net debt to equity ratio (3.4%) is considered satisfactory.
Reducing Debt: 539331's debt to equity ratio has reduced from 13.8% to 4.2% over the past 5 years.
Debt Coverage: 539331's debt is well covered by operating cash flow (264.9%).
Interest Coverage: 539331's interest payments on its debt are well covered by EBIT (39.9x coverage).