Inox Green Energy Services Balance Sheet Health
Financial Health criteria checks 4/6
Inox Green Energy Services has a total shareholder equity of ₹13.5B and total debt of ₹1.7B, which brings its debt-to-equity ratio to 12.9%. Its total assets and total liabilities are ₹20.8B and ₹7.3B respectively. Inox Green Energy Services's EBIT is ₹219.2M making its interest coverage ratio 0.9. It has cash and short-term investments of ₹150.4M.
Key information
12.9%
Debt to equity ratio
₹1.74b
Debt
Interest coverage ratio | 0.9x |
Cash | ₹150.40m |
Equity | ₹13.50b |
Total liabilities | ₹7.33b |
Total assets | ₹20.83b |
Recent financial health updates
Recent updates
Inox Green Energy Services Limited's (NSE:INOXGREEN) Shareholders Might Be Looking For Exit
Apr 07Is Inox Green Energy Services (NSE:INOXGREEN) A Risky Investment?
Feb 14Inox Green Energy Services (NSE:INOXGREEN) Shareholders Will Want The ROCE Trajectory To Continue
Dec 06There's Reason For Concern Over Inox Green Energy Services Limited's (NSE:INOXGREEN) Price
Apr 20Financial Position Analysis
Short Term Liabilities: INOXGREEN's short term assets (₹7.5B) exceed its short term liabilities (₹4.2B).
Long Term Liabilities: INOXGREEN's short term assets (₹7.5B) exceed its long term liabilities (₹3.1B).
Debt to Equity History and Analysis
Debt Level: INOXGREEN's net debt to equity ratio (11.8%) is considered satisfactory.
Reducing Debt: INOXGREEN's debt to equity ratio has reduced from 2357.5% to 12.9% over the past 5 years.
Debt Coverage: INOXGREEN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: INOXGREEN's interest payments on its debt are not well covered by EBIT (0.9x coverage).