Divine Power Energy Balance Sheet Health
Financial Health criteria checks 2/6
Divine Power Energy has a total shareholder equity of ₹256.7M and total debt of ₹578.5M, which brings its debt-to-equity ratio to 225.4%. Its total assets and total liabilities are ₹888.6M and ₹631.9M respectively. Divine Power Energy's EBIT is ₹135.7M making its interest coverage ratio 2.6. It has cash and short-term investments of ₹7.8M.
Key information
225.4%
Debt to equity ratio
₹578.54m
Debt
| Interest coverage ratio | 2.6x |
| Cash | ₹7.85m |
| Equity | ₹256.70m |
| Total liabilities | ₹631.87m |
| Total assets | ₹888.57m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DPEL's short term assets (₹762.8M) exceed its short term liabilities (₹590.0M).
Long Term Liabilities: DPEL's short term assets (₹762.8M) exceed its long term liabilities (₹41.8M).
Debt to Equity History and Analysis
Debt Level: DPEL's net debt to equity ratio (222.3%) is considered high.
Reducing Debt: Insufficient data to determine if DPEL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DPEL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DPEL's interest payments on its debt are not well covered by EBIT (2.6x coverage).