Veto Switchgears and Cables Balance Sheet Health
Financial Health criteria checks 6/6
Veto Switchgears and Cables has a total shareholder equity of ₹2.5B and total debt of ₹475.8M, which brings its debt-to-equity ratio to 19.4%. Its total assets and total liabilities are ₹3.4B and ₹947.8M respectively. Veto Switchgears and Cables's EBIT is ₹322.6M making its interest coverage ratio 8.2. It has cash and short-term investments of ₹282.5M.
Key information
19.4%
Debt to equity ratio
₹475.80m
Debt
Interest coverage ratio | 8.2x |
Cash | ₹282.47m |
Equity | ₹2.45b |
Total liabilities | ₹947.80m |
Total assets | ₹3.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539331's short term assets (₹2.9B) exceed its short term liabilities (₹776.1M).
Long Term Liabilities: 539331's short term assets (₹2.9B) exceed its long term liabilities (₹171.7M).
Debt to Equity History and Analysis
Debt Level: 539331's net debt to equity ratio (7.9%) is considered satisfactory.
Reducing Debt: 539331's debt to equity ratio has reduced from 24.9% to 19.4% over the past 5 years.
Debt Coverage: 539331's debt is well covered by operating cash flow (49.1%).
Interest Coverage: 539331's interest payments on its debt are well covered by EBIT (8.2x coverage).