Ice Make Refrigeration Balance Sheet Health
Financial Health criteria checks 5/6
Ice Make Refrigeration has a total shareholder equity of ₹881.0M and total debt of ₹270.8M, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are ₹1.8B and ₹967.9M respectively. Ice Make Refrigeration's EBIT is ₹289.8M making its interest coverage ratio 25.2. It has cash and short-term investments of ₹25.4M.
Key information
30.7%
Debt to equity ratio
₹270.82m
Debt
| Interest coverage ratio | 25.2x |
| Cash | ₹25.37m |
| Equity | ₹881.02m |
| Total liabilities | ₹967.92m |
| Total assets | ₹1.85b |
Recent financial health updates
These 4 Measures Indicate That Ice Make Refrigeration (NSE:ICEMAKE) Is Using Debt Extensively
Jan 27
Is 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
Here'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 (₹1.3B) exceed its short term liabilities (₹854.3M).
Long Term Liabilities: ICEMAKE's short term assets (₹1.3B) exceed its long term liabilities (₹113.7M).
Debt to Equity History and Analysis
Debt Level: ICEMAKE's net debt to equity ratio (27.9%) is considered satisfactory.
Reducing Debt: ICEMAKE's debt to equity ratio has increased from 11.3% to 30.7% over the past 5 years.
Debt Coverage: ICEMAKE's debt is well covered by operating cash flow (31%).
Interest Coverage: ICEMAKE's interest payments on its debt are well covered by EBIT (25.2x coverage).