Elecon Engineering Balance Sheet Health
Financial Health criteria checks 6/6
Elecon Engineering has a total shareholder equity of ₹14.1B and total debt of ₹454.8M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are ₹18.8B and ₹4.7B respectively. Elecon Engineering's EBIT is ₹3.8B making its interest coverage ratio -407.7. It has cash and short-term investments of ₹3.6B.
Key information
3.2%
Debt to equity ratio
₹454.80m
Debt
Interest coverage ratio | -407.7x |
Cash | ₹3.57b |
Equity | ₹14.15b |
Total liabilities | ₹4.66b |
Total assets | ₹18.81b |
Recent financial health updates
Elecon Engineering (NSE:ELECON) Seems To Use Debt Rather Sparingly
Mar 22Does Elecon Engineering (NSE:ELECON) Have A Healthy Balance Sheet?
Sep 02These 4 Measures Indicate That Elecon Engineering (NSE:ELECON) Is Using Debt Safely
Feb 14We Think Elecon Engineering (NSE:ELECON) Can Stay On Top Of Its Debt
Jun 04These 4 Measures Indicate That Elecon Engineering (NSE:ELECON) Is Using Debt Extensively
Jan 15Does Elecon Engineering (NSE:ELECON) Have A Healthy Balance Sheet?
Aug 20Recent updates
Elecon Engineering (NSE:ELECON) Seems To Use Debt Rather Sparingly
Mar 22Elecon Engineering Company Limited's (NSE:ELECON) Shareholders Might Be Looking For Exit
Mar 08With EPS Growth And More, Elecon Engineering (NSE:ELECON) Makes An Interesting Case
Feb 20Is Elecon Engineering Company Limited (NSE:ELECON) Potentially Undervalued?
Feb 07Elecon Engineering (NSE:ELECON) Is Very Good At Capital Allocation
Nov 25Should You Be Adding Elecon Engineering (NSE:ELECON) To Your Watchlist Today?
Oct 15Why Elecon Engineering Company Limited (NSE:ELECON) Could Be Worth Watching
Sep 15Does Elecon Engineering (NSE:ELECON) Have A Healthy Balance Sheet?
Sep 02Elecon Engineering (NSE:ELECON) Knows How To Allocate Capital Effectively
Aug 16Here's Why We Think Elecon Engineering (NSE:ELECON) Is Well Worth Watching
Jul 07Elecon Engineering's (NSE:ELECON) Dividend Will Be Increased To ₹2.00
Jun 09Elecon Engineering's (NSE:ELECON) Shareholders Will Receive A Bigger Dividend Than Last Year
May 26At ₹504, Is It Time To Put Elecon Engineering Company Limited (NSE:ELECON) On Your Watch List?
May 13Do Elecon Engineering's (NSE:ELECON) Earnings Warrant Your Attention?
Feb 21Investors Shouldn't Overlook Elecon Engineering's (NSE:ELECON) Impressive Returns On Capital
Dec 27If EPS Growth Is Important To You, Elecon Engineering (NSE:ELECON) Presents An Opportunity
Oct 21Calculating The Intrinsic Value Of Elecon Engineering Company Limited (NSE:ELECON)
Sep 27Elecon Engineering (NSE:ELECON) Is Looking To Continue Growing Its Returns On Capital
Jul 07Calculating The Fair Value Of Elecon Engineering Company Limited (NSE:ELECON)
Jun 24I Ran A Stock Scan For Earnings Growth And Elecon Engineering (NSE:ELECON) Passed With Ease
Jun 03Returns On Capital Are Showing Encouraging Signs At Elecon Engineering (NSE:ELECON)
Apr 05These 4 Measures Indicate That Elecon Engineering (NSE:ELECON) Is Using Debt Safely
Feb 14Do Elecon Engineering's (NSE:ELECON) Earnings Warrant Your Attention?
Jan 24Returns On Capital Are Showing Encouraging Signs At Elecon Engineering (NSE:ELECON)
Oct 25Should You Be Adding Elecon Engineering (NSE:ELECON) To Your Watchlist Today?
Aug 14Shareholders Will Probably Hold Off On Increasing Elecon Engineering Company Limited's (NSE:ELECON) CEO Compensation For The Time Being
Jul 30We Think Elecon Engineering (NSE:ELECON) Can Stay On Top Of Its Debt
Jun 04Is Now The Time To Put Elecon Engineering (NSE:ELECON) On Your Watchlist?
Apr 30What Kind Of Shareholders Hold The Majority In Elecon Engineering Company Limited's (NSE:ELECON) Shares?
Mar 13How Well Is Elecon Engineering (NSE:ELECON) Allocating Its Capital?
Feb 22If You Had Bought Elecon Engineering's (NSE:ELECON) Shares Three Years Ago You Would Be Down 45%
Feb 02These 4 Measures Indicate That Elecon Engineering (NSE:ELECON) Is Using Debt Extensively
Jan 15Here's What To Make Of Elecon Engineering's (NSE:ELECON) Returns On Capital
Sep 21Lacklustre Performance Driving Elecon Engineering Company Limited's (NSE:ELECON) P/E
Aug 26Does Elecon Engineering (NSE:ELECON) Have A Healthy Balance Sheet?
Aug 20Potential Upside For Elecon Engineering Company Limited (NSE:ELECON) Not Without Risk
Jul 24Financial Position Analysis
Short Term Liabilities: ELECON's short term assets (₹10.3B) exceed its short term liabilities (₹3.8B).
Long Term Liabilities: ELECON's short term assets (₹10.3B) exceed its long term liabilities (₹911.1M).
Debt to Equity History and Analysis
Debt Level: ELECON has more cash than its total debt.
Reducing Debt: ELECON's debt to equity ratio has reduced from 65% to 3.2% over the past 5 years.
Debt Coverage: ELECON's debt is well covered by operating cash flow (766.9%).
Interest Coverage: ELECON earns more interest than it pays, so coverage of interest payments is not a concern.