Azad Engineering Balance Sheet Health
Financial Health criteria checks 3/6
Azad Engineering has a total shareholder equity of ₹2.3B and total debt of ₹3.3B, which brings its debt-to-equity ratio to 142%. Its total assets and total liabilities are ₹5.9B and ₹3.9B respectively. Azad Engineering's EBIT is ₹996.6M making its interest coverage ratio 3.3. It has cash and short-term investments of ₹239.8M.
Key information
142.0%
Debt to equity ratio
₹3.27b
Debt
| Interest coverage ratio | 3.3x |
| Cash | ₹239.77m |
| Equity | ₹2.31b |
| Total liabilities | ₹3.85b |
| Total assets | ₹5.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AZAD's short term assets (₹2.8B) exceed its short term liabilities (₹1.5B).
Long Term Liabilities: AZAD's short term assets (₹2.8B) exceed its long term liabilities (₹2.4B).
Debt to Equity History and Analysis
Debt Level: AZAD's net debt to equity ratio (131.6%) is considered high.
Reducing Debt: Insufficient data to determine if AZAD's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: AZAD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AZAD's interest payments on its debt are well covered by EBIT (3.3x coverage).