Taylormade Renewables Balance Sheet Health
Financial Health criteria checks 4/6
Taylormade Renewables has a total shareholder equity of ₹674.3M and total debt of ₹149.0M, which brings its debt-to-equity ratio to 22.1%. Its total assets and total liabilities are ₹1.0B and ₹373.9M respectively. Taylormade Renewables's EBIT is ₹120.8M making its interest coverage ratio 20.5. It has cash and short-term investments of ₹3.0M.
Key information
22.1%
Debt to equity ratio
₹149.02m
Debt
| Interest coverage ratio | 20.5x |
| Cash | ₹2.97m |
| Equity | ₹674.34m |
| Total liabilities | ₹373.85m |
| Total assets | ₹1.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 541228's short term assets (₹884.1M) exceed its short term liabilities (₹266.3M).
Long Term Liabilities: 541228's short term assets (₹884.1M) exceed its long term liabilities (₹107.6M).
Debt to Equity History and Analysis
Debt Level: 541228's net debt to equity ratio (21.7%) is considered satisfactory.
Reducing Debt: 541228's debt to equity ratio has increased from 2.7% to 22.1% 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 (20.5x coverage).