DEE Development Engineers Balance Sheet Health
Financial Health criteria checks 3/6
DEE Development Engineers has a total shareholder equity of ₹7.8B and total debt of ₹3.5B, which brings its debt-to-equity ratio to 44.9%. Its total assets and total liabilities are ₹13.9B and ₹6.1B respectively. DEE Development Engineers's EBIT is ₹656.2M making its interest coverage ratio 1.9. It has cash and short-term investments of ₹693.6M.
Key information
44.9%
Debt to equity ratio
₹3.50b
Debt
| Interest coverage ratio | 1.9x |
| Cash | ₹693.64m |
| Equity | ₹7.81b |
| Total liabilities | ₹6.08b |
| Total assets | ₹13.89b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: DEEDEV's short term assets (₹8.4B) exceed its short term liabilities (₹5.0B).
Long Term Liabilities: DEEDEV's short term assets (₹8.4B) exceed its long term liabilities (₹1.1B).
Debt to Equity History and Analysis
Debt Level: DEEDEV's net debt to equity ratio (36%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if DEEDEV's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DEEDEV's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DEEDEV's interest payments on its debt are not well covered by EBIT (1.9x coverage).