Ice Make Refrigeration Balance Sheet Health
Financial Health criteria checks 5/6
Ice Make Refrigeration has a total shareholder equity of ₹1.0B and total debt of ₹252.9M, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are ₹2.1B and ₹1.1B respectively. Ice Make Refrigeration's EBIT is ₹373.1M making its interest coverage ratio 17.6. It has cash and short-term investments of ₹86.3M.
Key information
24.3%
Debt to equity ratio
₹252.88m
Debt
Interest coverage ratio | 17.6x |
Cash | ₹86.27m |
Equity | ₹1.04b |
Total liabilities | ₹1.07b |
Total assets | ₹2.11b |
Recent financial health updates
Is Ice Make Refrigeration (NSE:ICEMAKE) Using Too Much Debt?
Jul 27These 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 16Recent updates
Is 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 (₹1.4B) exceed its short term liabilities (₹813.0M).
Long Term Liabilities: ICEMAKE's short term assets (₹1.4B) exceed its long term liabilities (₹260.0M).
Debt to Equity History and Analysis
Debt Level: ICEMAKE's net debt to equity ratio (16%) is considered satisfactory.
Reducing Debt: ICEMAKE's debt to equity ratio has increased from 6.5% to 24.3% over the past 5 years.
Debt Coverage: ICEMAKE's debt is well covered by operating cash flow (41%).
Interest Coverage: ICEMAKE's interest payments on its debt are well covered by EBIT (17.6x coverage).