Kanoria Energy & Infrastructure Balance Sheet Health
Financial Health criteria checks 3/6
Kanoria Energy & Infrastructure has a total shareholder equity of ₹887.4M and total debt of ₹1.1B, which brings its debt-to-equity ratio to 126.7%. Its total assets and total liabilities are ₹3.0B and ₹2.1B respectively. Kanoria Energy & Infrastructure's EBIT is ₹209.1M making its interest coverage ratio 1.9. It has cash and short-term investments of ₹35.6M.
Key information
126.7%
Debt to equity ratio
₹1.12b
Debt
Interest coverage ratio | 1.9x |
Cash | ₹35.62m |
Equity | ₹887.42m |
Total liabilities | ₹2.13b |
Total assets | ₹3.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539620's short term assets (₹2.0B) exceed its short term liabilities (₹1.6B).
Long Term Liabilities: 539620's short term assets (₹2.0B) exceed its long term liabilities (₹552.9M).
Debt to Equity History and Analysis
Debt Level: 539620's net debt to equity ratio (122.7%) is considered high.
Reducing Debt: 539620's debt to equity ratio has reduced from 144.3% to 126.7% over the past 5 years.
Debt Coverage: 539620's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 539620's interest payments on its debt are not well covered by EBIT (1.9x coverage).