HVAX Technologies Balance Sheet Health
Financial Health criteria checks 4/6
HVAX Technologies has a total shareholder equity of ₹348.0M and total debt of ₹293.4M, which brings its debt-to-equity ratio to 84.3%. Its total assets and total liabilities are ₹699.7M and ₹351.6M respectively. HVAX Technologies's EBIT is ₹170.4M making its interest coverage ratio 11.1. It has cash and short-term investments of ₹21.8M.
Key information
84.3%
Debt to equity ratio
₹293.39m
Debt
| Interest coverage ratio | 11.1x |
| Cash | ₹21.80m |
| Equity | ₹348.04m |
| Total liabilities | ₹351.62m |
| Total assets | ₹699.66m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HVAX's short term assets (₹603.1M) exceed its short term liabilities (₹317.5M).
Long Term Liabilities: HVAX's short term assets (₹603.1M) exceed its long term liabilities (₹34.1M).
Debt to Equity History and Analysis
Debt Level: HVAX's net debt to equity ratio (78%) is considered high.
Reducing Debt: HVAX's debt to equity ratio has reduced from 221.4% to 84.3% over the past 5 years.
Debt Coverage: HVAX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HVAX's interest payments on its debt are well covered by EBIT (11.1x coverage).