Confidence Futuristic Energetech Balance Sheet Health
Financial Health criteria checks 2/6
Confidence Futuristic Energetech has a total shareholder equity of ₹1.5B and total debt of ₹825.6M, which brings its debt-to-equity ratio to 53.3%. Its total assets and total liabilities are ₹2.5B and ₹998.3M respectively. Confidence Futuristic Energetech's EBIT is ₹145.6M making its interest coverage ratio 2.8. It has cash and short-term investments of ₹15.1M.
Key information
53.3%
Debt to equity ratio
₹825.58m
Debt
Interest coverage ratio | 2.8x |
Cash | ₹15.06m |
Equity | ₹1.55b |
Total liabilities | ₹998.27m |
Total assets | ₹2.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539991's short term assets (₹1.1B) exceed its short term liabilities (₹428.2M).
Long Term Liabilities: 539991's short term assets (₹1.1B) exceed its long term liabilities (₹570.1M).
Debt to Equity History and Analysis
Debt Level: 539991's net debt to equity ratio (52.3%) is considered high.
Reducing Debt: 539991's debt to equity ratio has increased from 1.2% to 53.3% over the past 5 years.
Debt Coverage: 539991's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: 539991's interest payments on its debt are not well covered by EBIT (2.8x coverage).