Taylormade Renewables Balance Sheet Health
Financial Health criteria checks 4/6
Taylormade Renewables has a total shareholder equity of ₹633.4M and total debt of ₹70.5M, which brings its debt-to-equity ratio to 11.1%. Its total assets and total liabilities are ₹955.4M and ₹322.0M respectively. Taylormade Renewables's EBIT is ₹157.4M making its interest coverage ratio 29.7. It has cash and short-term investments of ₹2.9M.
Key information
11.1%
Debt to equity ratio
₹70.48m
Debt
Interest coverage ratio | 29.7x |
Cash | ₹2.94m |
Equity | ₹633.41m |
Total liabilities | ₹321.96m |
Total assets | ₹955.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 541228's short term assets (₹803.8M) exceed its short term liabilities (₹314.7M).
Long Term Liabilities: 541228's short term assets (₹803.8M) exceed its long term liabilities (₹7.3M).
Debt to Equity History and Analysis
Debt Level: 541228's net debt to equity ratio (10.7%) is considered satisfactory.
Reducing Debt: 541228's debt to equity ratio has increased from 4.9% to 11.1% over the past 5 years.
Debt Coverage: 541228's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 541228's interest payments on its debt are well covered by EBIT (29.7x coverage).