INOX India Balance Sheet Health
Financial Health criteria checks 6/6
INOX India has a total shareholder equity of ₹7.5B and total debt of ₹870.0M, which brings its debt-to-equity ratio to 11.6%. Its total assets and total liabilities are ₹14.2B and ₹6.6B respectively. INOX India's EBIT is ₹2.3B making its interest coverage ratio 47.9. It has cash and short-term investments of ₹2.7B.
Key information
11.6%
Debt to equity ratio
₹870.00m
Debt
| Interest coverage ratio | 47.9x |
| Cash | ₹2.74b |
| Equity | ₹7.51b |
| Total liabilities | ₹6.64b |
| Total assets | ₹14.15b |
Recent financial health updates
Recent updates
INOX India's (NSE:INOXINDIA) Shareholders May Want To Dig Deeper Than Statutory Profit
Nov 20
Is INOX India (NSE:INOXINDIA) Using Too Much Debt?
Sep 19Risks To Shareholder Returns Are Elevated At These Prices For INOX India Limited (NSE:INOXINDIA)
Aug 07We Think You Should Be Aware Of Some Concerning Factors In INOX India's (NSE:INOXINDIA) Earnings
May 21Market Participants Recognise INOX India Limited's (NSE:INOXINDIA) Earnings Pushing Shares 26% Higher
Apr 06Financial Position Analysis
Short Term Liabilities: INOXINDIA's short term assets (₹10.9B) exceed its short term liabilities (₹6.4B).
Long Term Liabilities: INOXINDIA's short term assets (₹10.9B) exceed its long term liabilities (₹285.9M).
Debt to Equity History and Analysis
Debt Level: INOXINDIA has more cash than its total debt.
Reducing Debt: INOXINDIA's debt to equity ratio has reduced from 89.8% to 11.6% over the past 5 years.
Debt Coverage: INOXINDIA's debt is well covered by operating cash flow (33.8%).
Interest Coverage: INOXINDIA's interest payments on its debt are well covered by EBIT (47.9x coverage).