Kirloskar Electric Balance Sheet Health
Financial Health criteria checks 3/6
Kirloskar Electric has a total shareholder equity of ₹990.5M and total debt of ₹1.3B, which brings its debt-to-equity ratio to 127.7%. Its total assets and total liabilities are ₹6.3B and ₹5.3B respectively. Kirloskar Electric's EBIT is ₹382.2M making its interest coverage ratio 1.9. It has cash and short-term investments of ₹268.2M.
Key information
127.7%
Debt to equity ratio
₹1.27b
Debt
Interest coverage ratio | 1.9x |
Cash | ₹268.20m |
Equity | ₹990.50m |
Total liabilities | ₹5.27b |
Total assets | ₹6.26b |
Recent financial health updates
These 4 Measures Indicate That Kirloskar Electric (NSE:KECL) Is Using Debt Extensively
Jan 10Does Kirloskar Electric (NSE:KECL) Have A Healthy Balance Sheet?
Dec 22Does Kirloskar Electric (NSE:KECL) Have A Healthy Balance Sheet?
Aug 23Recent updates
Kirloskar Electric Company Limited (NSE:KECL) Surges 35% Yet Its Low P/S Is No Reason For Excitement
Jan 31These 4 Measures Indicate That Kirloskar Electric (NSE:KECL) Is Using Debt Extensively
Jan 10Benign Growth For Kirloskar Electric Company Limited (NSE:KECL) Underpins Its Share Price
Aug 03Does Kirloskar Electric (NSE:KECL) Have A Healthy Balance Sheet?
Dec 22Does Kirloskar Electric (NSE:KECL) Have A Healthy Balance Sheet?
Aug 23Does Kirloskar Electric's (NSE:KECL) Statutory Profit Adequately Reflect Its Underlying Profit?
Nov 13Financial Position Analysis
Short Term Liabilities: KECL's short term assets (₹1.6B) do not cover its short term liabilities (₹4.4B).
Long Term Liabilities: KECL's short term assets (₹1.6B) exceed its long term liabilities (₹887.4M).
Debt to Equity History and Analysis
Debt Level: KECL's net debt to equity ratio (100.6%) is considered high.
Reducing Debt: KECL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: KECL's debt is well covered by operating cash flow (24.6%).
Interest Coverage: KECL's interest payments on its debt are not well covered by EBIT (1.9x coverage).