Hind Rectifiers Balance Sheet Health
Financial Health criteria checks 4/6
Hind Rectifiers has a total shareholder equity of ₹1.2B and total debt of ₹1.4B, which brings its debt-to-equity ratio to 108.5%. Its total assets and total liabilities are ₹3.3B and ₹2.1B respectively. Hind Rectifiers's EBIT is ₹464.7M making its interest coverage ratio 3.5. It has cash and short-term investments of ₹3.3M.
Key information
108.5%
Debt to equity ratio
₹1.35b
Debt
| Interest coverage ratio | 3.5x |
| Cash | ₹3.27m |
| Equity | ₹1.25b |
| Total liabilities | ₹2.06b |
| Total assets | ₹3.31b |
Recent financial health updates
Hind Rectifiers (NSE:HIRECT) Seems To Use Debt Quite Sensibly
Sep 26
Does Hind Rectifiers (NSE:HIRECT) Have A Healthy Balance Sheet?
Nov 09Would Hind Rectifiers (NSE:HIRECT) Be Better Off With Less Debt?
Aug 05Is Hind Rectifiers (NSE:HIRECT) A Risky Investment?
Sep 13Hind Rectifiers (NSE:HIRECT) Has A Somewhat Strained Balance Sheet
Dec 10Hind Rectifiers (NSE:HIRECT) Has A Somewhat Strained Balance Sheet
Aug 25Recent updates
Hind Rectifiers (NSE:HIRECT) Seems To Use Debt Quite Sensibly
Sep 26There's No Escaping Hind Rectifiers Limited's (NSE:HIRECT) Muted Revenues
Jul 31Hind Rectifiers' (NSE:HIRECT) Performance Is Even Better Than Its Earnings Suggest
Jun 05Hind Rectifiers Limited's (NSE:HIRECT) Shares Climb 27% But Its Business Is Yet to Catch Up
Apr 20Returns On Capital At Hind Rectifiers (NSE:HIRECT) Paint A Concerning Picture
Apr 05Hind Rectifiers Limited's (NSE:HIRECT) 34% Share Price Surge Not Quite Adding Up
Mar 02Does Hind Rectifiers (NSE:HIRECT) Have A Healthy Balance Sheet?
Nov 09Would Hind Rectifiers (NSE:HIRECT) Be Better Off With Less Debt?
Aug 05Some Investors May Be Worried About Hind Rectifiers' (NSE:HIRECT) Returns On Capital
May 26Is Hind Rectifiers (NSE:HIRECT) A Risky Investment?
Sep 13Hind Rectifiers (NSE:HIRECT) Has Announced A Dividend Of ₹0.40
Jul 22Hind Rectifiers (NSE:HIRECT) Has Announced A Dividend Of ₹0.40
Jul 08Hind Rectifiers (NSE:HIRECT) Is Looking To Continue Growing Its Returns On Capital
Apr 06The Return Trends At Hind Rectifiers (NSE:HIRECT) Look Promising
Jan 03Hind Rectifiers (NSE:HIRECT) Has A Somewhat Strained Balance Sheet
Dec 10Hind Rectifiers (NSE:HIRECT) Has A Somewhat Strained Balance Sheet
Aug 25What To Know Before Buying Hind Rectifiers Limited (NSE:HIRECT) For Its Dividend
May 03Declining Stock and Decent Financials: Is The Market Wrong About Hind Rectifiers Limited (NSE:HIRECT)?
Mar 05What Do The Returns At Hind Rectifiers (NSE:HIRECT) Mean Going Forward?
Feb 14Hind Rectifiers Limited (NSE:HIRECT) Is An Attractive Dividend Stock - Here's Why
Jan 27
Hind Rectifiers (NSE:HIRECT) Takes On Some Risk With Its Use Of Debt
Jan 09Need To Know: Hind Rectifiers Limited (NSE:HIRECT) Insiders Have Been Buying Shares
Dec 22Hind Rectifiers Limited's (NSE:HIRECT) Stock Is Going Strong: Is the Market Following Fundamentals?
Dec 04Financial Position Analysis
Short Term Liabilities: HIRECT's short term assets (₹2.1B) exceed its short term liabilities (₹1.7B).
Long Term Liabilities: HIRECT's short term assets (₹2.1B) exceed its long term liabilities (₹335.8M).
Debt to Equity History and Analysis
Debt Level: HIRECT's net debt to equity ratio (108.2%) is considered high.
Reducing Debt: HIRECT's debt to equity ratio has increased from 81.5% to 108.5% over the past 5 years.
Debt Coverage: HIRECT's debt is well covered by operating cash flow (25.1%).
Interest Coverage: HIRECT's interest payments on its debt are well covered by EBIT (3.5x coverage).