Harsha Engineers International Balance Sheet Health
Financial Health criteria checks 6/6
Harsha Engineers International has a total shareholder equity of ₹11.8B and total debt of ₹1.7B, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are ₹15.7B and ₹3.9B respectively. Harsha Engineers International's EBIT is ₹1.3B making its interest coverage ratio 12.3. It has cash and short-term investments of ₹3.2B.
Key information
14.7%
Debt to equity ratio
₹1.72b
Debt
| Interest coverage ratio | 12.3x |
| Cash | ₹3.18b |
| Equity | ₹11.75b |
| Total liabilities | ₹3.91b |
| Total assets | ₹15.67b |
Recent financial health updates
Recent updates
Investors Appear Satisfied With Harsha Engineers International Limited's (NSE:HARSHA) Prospects As Shares Rocket 26%
Jun 09
Is Harsha Engineers International (NSE:HARSHA) Using Too Much Debt?
May 22Harsha Engineers International Limited's (NSE:HARSHA) Price In Tune With Earnings
Apr 04Harsha Engineers International Limited Just Beat EPS By 15%: Here's What Analysts Think Will Happen Next
May 30Optimistic Investors Push Harsha Engineers International Limited (NSE:HARSHA) Shares Up 26% But Growth Is Lacking
Apr 13Financial Position Analysis
Short Term Liabilities: HARSHA's short term assets (₹10.6B) exceed its short term liabilities (₹3.7B).
Long Term Liabilities: HARSHA's short term assets (₹10.6B) exceed its long term liabilities (₹263.1M).
Debt to Equity History and Analysis
Debt Level: HARSHA has more cash than its total debt.
Reducing Debt: HARSHA's debt to equity ratio has reduced from 142.3% to 14.7% over the past 5 years.
Debt Coverage: HARSHA's debt is well covered by operating cash flow (78.8%).
Interest Coverage: HARSHA's interest payments on its debt are well covered by EBIT (12.3x coverage).