HVAX Technologies Balance Sheet Health
Financial Health criteria checks 4/6
HVAX Technologies has a total shareholder equity of ₹306.0M and total debt of ₹243.7M, which brings its debt-to-equity ratio to 79.7%. Its total assets and total liabilities are ₹636.6M and ₹330.6M respectively. HVAX Technologies's EBIT is ₹127.7M making its interest coverage ratio 12. It has cash and short-term investments of ₹46.7M.
Key information
79.7%
Debt to equity ratio
₹243.73m
Debt
| Interest coverage ratio | 12x |
| Cash | ₹46.71m |
| Equity | ₹305.98m |
| Total liabilities | ₹330.65m |
| Total assets | ₹636.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HVAX's short term assets (₹533.1M) exceed its short term liabilities (₹296.0M).
Long Term Liabilities: HVAX's short term assets (₹533.1M) exceed its long term liabilities (₹34.7M).
Debt to Equity History and Analysis
Debt Level: HVAX's net debt to equity ratio (64.4%) is considered high.
Reducing Debt: HVAX's debt to equity ratio has reduced from 261.1% to 79.7% 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 (12x coverage).