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
These 4 Measures Indicate That Azad Engineering (NSE:AZAD) Is Using Debt Reasonably Well
Dec 24
Is Azad Engineering (NSE:AZAD) Using Too Much Debt?
Jul 22Recent updates
These 4 Measures Indicate That Azad Engineering (NSE:AZAD) Is Using Debt Reasonably Well
Dec 24Shareholders Shouldn’t Be Too Comfortable With Azad Engineering's (NSE:AZAD) Strong Earnings
Nov 19Is Azad Engineering (NSE:AZAD) Using Too Much Debt?
Jul 22Azad Engineering Limited's (NSE:AZAD) P/S Is Still On The Mark Following 33% Share Price Bounce
Jun 26Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 14:40 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Azad Engineering Limited is covered by 3 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ravi Kumar Putta | Choice Equity Broking Private Limited |
| Amit Dixit | ICICI Securities Ltd. |
| Aditya Bhartia | Investec Bank plc (UK) |