Azad Engineering Balance Sheet Health
Financial Health criteria checks 3/6
Azad Engineering has a total shareholder equity of ₹6.5B and total debt of ₹394.3M, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are ₹8.0B and ₹1.5B respectively. Azad Engineering's EBIT is ₹1.0B making its interest coverage ratio 2.5. It has cash and short-term investments of ₹589.2M.
Key information
6.1%
Debt to equity ratio
₹394.33m
Debt
| Interest coverage ratio | 2.5x |
| Cash | ₹589.18m |
| Equity | ₹6.45b |
| Total liabilities | ₹1.52b |
| Total assets | ₹7.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 544061's short term assets (₹4.2B) exceed its short term liabilities (₹982.2M).
Long Term Liabilities: 544061's short term assets (₹4.2B) exceed its long term liabilities (₹537.9M).
Debt to Equity History and Analysis
Debt Level: 544061 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 544061's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 544061's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 544061's interest payments on its debt are not well covered by EBIT (2.5x coverage).