Tega Industries Balance Sheet Health
Financial Health criteria checks 6/6
Tega Industries has a total shareholder equity of ₹12.5B and total debt of ₹2.2B, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are ₹19.4B and ₹6.8B respectively. Tega Industries's EBIT is ₹2.1B making its interest coverage ratio 9.7. It has cash and short-term investments of ₹3.3B.
Key information
17.5%
Debt to equity ratio
₹2.20b
Debt
| Interest coverage ratio | 9.7x |
| Cash | ₹3.29b |
| Equity | ₹12.52b |
| Total liabilities | ₹6.85b |
| Total assets | ₹19.36b |
Recent financial health updates
Recent updates
Tega Industries Limited Just Missed Revenue By 14%: Here's What Analysts Think Will Happen Next
Nov 17
Tega Industries' (NSE:TEGA) Profits May Not Reveal Underlying Issues
Aug 04With EPS Growth And More, Tega Industries (NSE:TEGA) Makes An Interesting Case
Aug 02Tega Industries (NSE:TEGA) Has A Pretty Healthy Balance Sheet
Jul 05Investors Appear Satisfied With Tega Industries Limited's (NSE:TEGA) Prospects
Jun 05Here's Why We Think Tega Industries (NSE:TEGA) Is Well Worth Watching
Apr 03Slowing Rates Of Return At Tega Industries (NSE:TEGA) Leave Little Room For Excitement
Mar 05Tega Industries Limited Just Missed Revenue By 14%: Here's What Analysts Think Will Happen Next
Feb 12Why We're Not Concerned About Tega Industries Limited's (NSE:TEGA) Share Price
Feb 11Tega Industries (NSE:TEGA) Hasn't Managed To Accelerate Its Returns
Oct 20Here's Why Tega Industries (NSE:TEGA) Has Caught The Eye Of Investors
Jul 27News Flash: Analysts Just Made A Notable Upgrade To Their Tega Industries Limited (NSE:TEGA) Forecasts
Jun 04Results: Tega Industries Limited Beat Earnings Expectations And Analysts Now Have New Forecasts
Jun 02Risks To Shareholder Returns Are Elevated At These Prices For Tega Industries Limited (NSE:TEGA)
May 19Weak Statutory Earnings May Not Tell The Whole Story For Tega Industries (NSE:TEGA)
Jun 01Financial Position Analysis
Short Term Liabilities: TEGA's short term assets (₹11.9B) exceed its short term liabilities (₹5.2B).
Long Term Liabilities: TEGA's short term assets (₹11.9B) exceed its long term liabilities (₹1.6B).
Debt to Equity History and Analysis
Debt Level: TEGA has more cash than its total debt.
Reducing Debt: TEGA's debt to equity ratio has reduced from 52.9% to 17.5% over the past 5 years.
Debt Coverage: TEGA's debt is well covered by operating cash flow (91.5%).
Interest Coverage: TEGA's interest payments on its debt are well covered by EBIT (9.7x coverage).