Ice Make Refrigeration Balance Sheet Health
Financial Health criteria checks 3/6
Ice Make Refrigeration has a total shareholder equity of ₹1.1B and total debt of ₹769.4M, which brings its debt-to-equity ratio to 70.4%. Its total assets and total liabilities are ₹2.8B and ₹1.7B respectively. Ice Make Refrigeration's EBIT is ₹359.4M making its interest coverage ratio 14.2. It has cash and short-term investments of ₹46.9M.
Key information
70.4%
Debt to equity ratio
₹769.39m
Debt
| Interest coverage ratio | 14.2x |
| Cash | ₹46.92m |
| Equity | ₹1.09b |
| Total liabilities | ₹1.75b |
| Total assets | ₹2.84b |
Recent financial health updates
Is Ice Make Refrigeration (NSE:ICEMAKE) Using Too Much Debt?
Jul 27
These 4 Measures Indicate That Ice Make Refrigeration (NSE:ICEMAKE) Is Using Debt Extensively
Jan 27Is Ice Make Refrigeration (NSE:ICEMAKE) Using Too Much Debt?
Mar 16These 4 Measures Indicate That Ice Make Refrigeration (NSE:ICEMAKE) Is Using Debt Extensively
Dec 16
Recent updates
Shareholders Would Enjoy A Repeat Of Ice Make Refrigeration's (NSE:ICEMAKE) Recent Growth In Returns
Nov 04Investors Still Waiting For A Pull Back In Ice Make Refrigeration Limited (NSE:ICEMAKE)
Oct 11Ice Make Refrigeration (NSE:ICEMAKE) Has Announced That It Will Be Increasing Its Dividend To ₹2.00
Sep 17Ice Make Refrigeration (NSE:ICEMAKE) Is Increasing Its Dividend To ₹2.00
Aug 11Is Ice Make Refrigeration (NSE:ICEMAKE) Using Too Much Debt?
Jul 27Ice Make Refrigeration's (NSE:ICEMAKE) Earnings Are Weaker Than They Seem
Jun 06Ice Make Refrigeration Limited (NSE:ICEMAKE) Stocks Shoot Up 25% But Its P/E Still Looks Reasonable
May 30Investors Should Be Encouraged By Ice Make Refrigeration's (NSE:ICEMAKE) Returns On Capital
May 21Here's Why We Think Ice Make Refrigeration (NSE:ICEMAKE) Might Deserve Your Attention Today
Mar 23Ice Make Refrigeration's (NSE:ICEMAKE) Earnings Are Of Questionable Quality
Nov 16Here's Why We Think Ice Make Refrigeration (NSE:ICEMAKE) Is Well Worth Watching
Oct 06Ice Make Refrigeration (NSE:ICEMAKE) Is Achieving High Returns On Its Capital
Jul 19Does Ice Make Refrigeration (NSE:ICEMAKE) Deserve A Spot On Your Watchlist?
Dec 23Ice Make Refrigeration (NSE:ICEMAKE) Is Paying Out A Dividend Of ₹1.20
Aug 27Ice Make Refrigeration's (NSE:ICEMAKE) Dividend Will Be ₹1.20
Jul 28A Look At The Fair Value Of Ice Make Refrigeration Limited (NSE:ICEMAKE)
Feb 24These 4 Measures Indicate That Ice Make Refrigeration (NSE:ICEMAKE) Is Using Debt Extensively
Jan 27Ice Make Refrigeration (NSE:ICEMAKE) Has Announced A Dividend Of ₹1.20
Sep 03Read This Before Buying Ice Make Refrigeration Limited (NSE:ICEMAKE) For Its Dividend
May 03Is Ice Make Refrigeration (NSE:ICEMAKE) Using Too Much Debt?
Mar 16Does The Market Have A Low Tolerance For Ice Make Refrigeration Limited's (NSE:ICEMAKE) Mixed Fundamentals?
Feb 15Is Ice Make Refrigeration Limited (NSE:ICEMAKE) A Smart Pick For Income Investors?
Jan 20These 4 Measures Indicate That Ice Make Refrigeration (NSE:ICEMAKE) Is Using Debt Extensively
Dec 16Financial Position Analysis
Short Term Liabilities: ICEMAKE's short term assets (₹1.7B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: ICEMAKE's short term assets (₹1.7B) exceed its long term liabilities (₹505.6M).
Debt to Equity History and Analysis
Debt Level: ICEMAKE's net debt to equity ratio (66.1%) is considered high.
Reducing Debt: ICEMAKE's debt to equity ratio has increased from 43.7% to 70.4% over the past 5 years.
Debt Coverage: ICEMAKE's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: ICEMAKE's interest payments on its debt are well covered by EBIT (14.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/20 16:45 |
| End of Day Share Price | 2025/01/20 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
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Industry and Sector Metrics
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Analyst Sources
Ice Make Refrigeration Limited is covered by 0 analysts. 0 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 |
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