Dynamic Cables Balance Sheet Health
Financial Health criteria checks 6/6
Dynamic Cables has a total shareholder equity of ₹3.3B and total debt of ₹1.2B, which brings its debt-to-equity ratio to 35.2%. Its total assets and total liabilities are ₹5.7B and ₹2.3B respectively. Dynamic Cables's EBIT is ₹789.5M making its interest coverage ratio 5.4. It has cash and short-term investments of ₹1.1B.
Key information
35.2%
Debt to equity ratio
₹1.18b
Debt
| Interest coverage ratio | 5.4x |
| Cash | ₹1.08b |
| Equity | ₹3.35b |
| Total liabilities | ₹2.32b |
| Total assets | ₹5.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540795's short term assets (₹4.7B) exceed its short term liabilities (₹2.3B).
Long Term Liabilities: 540795's short term assets (₹4.7B) exceed its long term liabilities (₹55.6M).
Debt to Equity History and Analysis
Debt Level: 540795's net debt to equity ratio (2.9%) is considered satisfactory.
Reducing Debt: 540795's debt to equity ratio has reduced from 130.8% to 35.2% over the past 5 years.
Debt Coverage: 540795's debt is well covered by operating cash flow (22.1%).
Interest Coverage: 540795's interest payments on its debt are well covered by EBIT (5.4x coverage).