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 ₹371.6M, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are ₹8.0B and ₹1.5B respectively. Azad Engineering's EBIT is ₹960.6M making its interest coverage ratio 2. It has cash and short-term investments of ₹589.2M.
Key information
5.8%
Debt to equity ratio
₹371.57m
Debt
Interest coverage ratio | 2x |
Cash | ₹589.18m |
Equity | ₹6.45b |
Total liabilities | ₹1.52b |
Total assets | ₹7.97b |
Financial Position Analysis
Short Term Liabilities: AZAD's short term assets (₹4.2B) exceed its short term liabilities (₹982.2M).
Long Term Liabilities: AZAD's short term assets (₹4.2B) exceed its long term liabilities (₹537.9M).
Debt to Equity History and Analysis
Debt Level: AZAD has more cash than its total debt.
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 not well covered by EBIT (2x coverage).