Inox Wind Energy Balance Sheet Health
Financial Health criteria checks 3/6
Inox Wind Energy has a total shareholder equity of ₹53.0B and total debt of ₹14.6B, which brings its debt-to-equity ratio to 27.6%. Its total assets and total liabilities are ₹84.5B and ₹31.4B respectively. Inox Wind Energy's EBIT is ₹3.7B making its interest coverage ratio 2.6. It has cash and short-term investments of ₹8.1B.
Key information
27.6%
Debt to equity ratio
₹14.64b
Debt
| Interest coverage ratio | 2.6x |
| Cash | ₹8.05b |
| Equity | ₹53.04b |
| Total liabilities | ₹31.45b |
| Total assets | ₹84.49b |
Recent financial health updates
Recent updates
Here's Why Inox Wind Energy (NSE:IWEL) Has A Meaningful Debt Burden
Oct 27
Inox Wind Energy Limited's (NSE:IWEL) 27% Jump Shows Its Popularity With Investors
Aug 15Inox Wind Energy Limited (NSE:IWEL) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected
Apr 26There's Been No Shortage Of Growth Recently For Inox Wind Energy's (NSE:IWEL) Returns On Capital
Mar 27There's Reason For Concern Over Inox Wind Energy Limited's (NSE:IWEL) Massive 27% Price Jump
Feb 20Financial Position Analysis
Short Term Liabilities: IWEL's short term assets (₹46.9B) exceed its short term liabilities (₹30.3B).
Long Term Liabilities: IWEL's short term assets (₹46.9B) exceed its long term liabilities (₹1.2B).
Debt to Equity History and Analysis
Debt Level: IWEL's net debt to equity ratio (12.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if IWEL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: IWEL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: IWEL's interest payments on its debt are not well covered by EBIT (2.6x coverage).