HEG Balance Sheet Health
Financial Health criteria checks 6/6
HEG has a total shareholder equity of ₹44.5B and total debt of ₹5.6B, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are ₹56.5B and ₹12.1B respectively. HEG's EBIT is ₹728.9M making its interest coverage ratio -7.7. It has cash and short-term investments of ₹4.6B.
Key information
12.6%
Debt to equity ratio
₹5.61b
Debt
| Interest coverage ratio | -7.7x |
| Cash | ₹4.61b |
| Equity | ₹44.45b |
| Total liabilities | ₹12.06b |
| Total assets | ₹56.51b |
Recent financial health updates
HEG (NSE:HEG) Has A Somewhat Strained Balance Sheet
Dec 03
HEG (NSE:HEG) Takes On Some Risk With Its Use Of Debt
Jun 12Here's Why HEG (NSE:HEG) Can Manage Its Debt Responsibly
Jun 17Is HEG (NSE:HEG) Using Too Much Debt?
Feb 14Health Check: How Prudently Does HEG (NSE:HEG) Use Debt?
Aug 23Is HEG (NSE:HEG) Using Debt Sensibly?
Mar 10Recent updates
Why HEG Limited (NSE:HEG) Could Be Worth Watching
Jan 10HEG Limited's (NSE:HEG) P/E Is Still On The Mark Following 35% Share Price Bounce
Dec 05HEG (NSE:HEG) Has A Somewhat Strained Balance Sheet
Dec 03Getting In Cheap On HEG Limited (NSE:HEG) Might Be Difficult
Oct 08Is It Too Late To Consider Buying HEG Limited (NSE:HEG)?
Sep 17Weak Statutory Earnings May Not Tell The Whole Story For HEG (NSE:HEG)
Jul 05HEG (NSE:HEG) Takes On Some Risk With Its Use Of Debt
Jun 12Is Now The Time To Look At Buying HEG Limited (NSE:HEG)?
Apr 30There's No Escaping HEG Limited's (NSE:HEG) Muted Earnings Despite A 25% Share Price Rise
Apr 03Market Still Lacking Some Conviction On HEG Limited (NSE:HEG)
Dec 28HEG (NSE:HEG) Is Increasing Its Dividend To ₹42.50
Aug 16HEG (NSE:HEG) Is Paying Out A Larger Dividend Than Last Year
Aug 02Returns On Capital At HEG (NSE:HEG) Paint A Concerning Picture
Oct 07Here's Why HEG (NSE:HEG) Can Manage Its Debt Responsibly
Jun 17Is HEG (NSE:HEG) Using Too Much Debt?
Feb 14The Return Trends At HEG (NSE:HEG) Look Promising
Jan 13Calculating The Fair Value Of HEG Limited (NSE:HEG)
Sep 29Health Check: How Prudently Does HEG (NSE:HEG) Use Debt?
Aug 23Calculating The Intrinsic Value Of HEG Limited (NSE:HEG)
May 03Is HEG (NSE:HEG) Using Debt Sensibly?
Mar 10Financial Position Analysis
Short Term Liabilities: HEG's short term assets (₹23.8B) exceed its short term liabilities (₹10.9B).
Long Term Liabilities: HEG's short term assets (₹23.8B) exceed its long term liabilities (₹1.1B).
Debt to Equity History and Analysis
Debt Level: HEG's net debt to equity ratio (2.3%) is considered satisfactory.
Reducing Debt: HEG's debt to equity ratio has reduced from 16% to 12.6% over the past 5 years.
Debt Coverage: HEG's debt is well covered by operating cash flow (53.4%).
Interest Coverage: HEG earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/21 01:59 |
| End of Day Share Price | 2025/01/21 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
HEG Limited is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Rajesh Zawar | Anand Rathi Shares and Stock Brokers Limited |
| Shareen Batatawala | Angel Broking Private Limited |
| Pramod Tiwari | Batlivala & Karani Securities India Pvt. Ltd. |