Azad Engineering Balance Sheet Health
Financial Health criteria checks 4/6
Azad Engineering has a total shareholder equity of ₹6.8B and total debt of ₹1.5B, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are ₹9.7B and ₹2.9B respectively. Azad Engineering's EBIT is ₹1.1B making its interest coverage ratio 6.5. It has cash and short-term investments of ₹360.8M.
Key information
21.7%
Debt to equity ratio
₹1.48b
Debt
| Interest coverage ratio | 6.5x |
| Cash | ₹360.80m |
| Equity | ₹6.83b |
| Total liabilities | ₹2.90b |
| Total assets | ₹9.73b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: AZAD's short term assets (₹4.8B) exceed its short term liabilities (₹1.5B).
Long Term Liabilities: AZAD's short term assets (₹4.8B) exceed its long term liabilities (₹1.4B).
Debt to Equity History and Analysis
Debt Level: AZAD's net debt to equity ratio (16.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if AZAD's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: AZAD's debt is not well covered by operating cash flow (3%).
Interest Coverage: AZAD's interest payments on its debt are well covered by EBIT (6.5x coverage).