Confidence Petroleum India Balance Sheet Health
Financial Health criteria checks 4/6
Confidence Petroleum India has a total shareholder equity of ₹12.7B and total debt of ₹4.3B, which brings its debt-to-equity ratio to 33.6%. Its total assets and total liabilities are ₹22.0B and ₹9.4B respectively. Confidence Petroleum India's EBIT is ₹2.0B making its interest coverage ratio 2.7. It has cash and short-term investments of ₹2.6B.
Key information
33.6%
Debt to equity ratio
₹4.26b
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹2.59b |
| Equity | ₹12.67b |
| Total liabilities | ₹9.35b |
| Total assets | ₹22.03b |
Recent financial health updates
Does Confidence Petroleum India (NSE:CONFIPET) Have A Healthy Balance Sheet?
Mar 12
We Think Confidence Petroleum India (NSE:CONFIPET) Is Taking Some Risk With Its Debt
Jun 28Does Confidence Petroleum India (NSE:CONFIPET) Have A Healthy Balance Sheet?
Mar 21Is Confidence Petroleum India (NSE:CONFIPET) A Risky Investment?
Sep 15These 4 Measures Indicate That Confidence Petroleum India (NSE:CONFIPET) Is Using Debt Extensively
Jun 08Here's Why Confidence Petroleum India (NSE:CONFIPET) Has A Meaningful Debt Burden
Jan 07Recent updates
Concerns Surrounding Confidence Petroleum India's (NSE:CONFIPET) Performance
Jun 09The Returns At Confidence Petroleum India (NSE:CONFIPET) Aren't Growing
Apr 05Does Confidence Petroleum India (NSE:CONFIPET) Have A Healthy Balance Sheet?
Mar 12A Piece Of The Puzzle Missing From Confidence Petroleum India Limited's (NSE:CONFIPET) 32% Share Price Climb
Feb 20Does Confidence Petroleum India (NSE:CONFIPET) Deserve A Spot On Your Watchlist?
Oct 24Confidence Petroleum India Limited's (NSE:CONFIPET) CEO Looks Due For A Compensation Raise
Sep 24We Think Confidence Petroleum India (NSE:CONFIPET) Is Taking Some Risk With Its Debt
Jun 28Here's Why Confidence Petroleum India Limited's (NSE:CONFIPET) CEO May Have Their Pay Bumped Up
Sep 24Confidence Petroleum India's (NSE:CONFIPET) Returns On Capital Are Heading Higher
Aug 20Here's Why We Think Confidence Petroleum India (NSE:CONFIPET) Is Well Worth Watching
Aug 03Does Confidence Petroleum India (NSE:CONFIPET) Have A Healthy Balance Sheet?
Mar 21Here's Why I Think Confidence Petroleum India (NSE:CONFIPET) Is An Interesting Stock
Feb 24Returns Are Gaining Momentum At Confidence Petroleum India (NSE:CONFIPET)
Dec 14We Think That There Are Issues Underlying Confidence Petroleum India's (NSE:CONFIPET) Earnings
Nov 05Is Confidence Petroleum India (NSE:CONFIPET) A Risky Investment?
Sep 15Confidence Petroleum India's (NSE:CONFIPET) Returns On Capital Are Heading Higher
Jul 12These 4 Measures Indicate That Confidence Petroleum India (NSE:CONFIPET) Is Using Debt Extensively
Jun 08Investors Will Want Confidence Petroleum India's (NSE:CONFIPET) Growth In ROCE To Persist
Mar 25If You Had Bought Confidence Petroleum India (NSE:CONFIPET) Stock A Year Ago, You Could Pocket A 103% Gain Today
Mar 10Has Confidence Petroleum India Limited's (NSE:CONFIPET) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Feb 23Could The Confidence Petroleum India Limited (NSE:CONFIPET) Ownership Structure Tell Us Something Useful?
Feb 02Here's Why Confidence Petroleum India (NSE:CONFIPET) Has A Meaningful Debt Burden
Jan 07We Like These Underlying Trends At Confidence Petroleum India (NSE:CONFIPET)
Dec 23If You Had Bought Confidence Petroleum India (NSE:CONFIPET) Stock A Year Ago, You Could Pocket A 14% Gain Today
Dec 09The Independent Non Executive Director of Confidence Petroleum India Limited (NSE:CONFIPET), Sumant Sutaria, Just Sold 100% Of Their Holding
Nov 26
Financial Position Analysis
Short Term Liabilities: CONFIPET's short term assets (₹10.5B) exceed its short term liabilities (₹5.2B).
Long Term Liabilities: CONFIPET's short term assets (₹10.5B) exceed its long term liabilities (₹4.1B).
Debt to Equity History and Analysis
Debt Level: CONFIPET's net debt to equity ratio (13.2%) is considered satisfactory.
Reducing Debt: CONFIPET's debt to equity ratio has increased from 18.5% to 33.6% over the past 5 years.
Debt Coverage: CONFIPET's debt is well covered by operating cash flow (61.7%).
Interest Coverage: CONFIPET's interest payments on its debt are not well covered by EBIT (2.7x coverage).