Balance Sheet Health
Financial Health criteria checks 5/6
Thermax has a total shareholder equity of ₹39.9B and total debt of ₹10.7B, which brings its debt-to-equity ratio to 26.9%. Its total assets and total liabilities are ₹93.1B and ₹53.2B respectively. Thermax's EBIT is ₹6.3B making its interest coverage ratio -62.9. It has cash and short-term investments of ₹23.6B.
Key information
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Recent financial health updates
Does Thermax (NSE:THERMAX) Have A Healthy Balance Sheet?
Mar 24
Thermax (NSE:THERMAX) Seems To Use Debt Quite Sensibly
Dec 17These 4 Measures Indicate That Thermax (NSE:THERMAX) Is Using Debt Safely
Sep 14We Think Thermax (NSE:THERMAX) Can Manage Its Debt With Ease
May 19Thermax (NSE:THERMAX) Could Easily Take On More Debt
Jan 02Is Thermax (NSE:THERMAX) A Risky Investment?
Jul 03Recent updates
Thermax (NSE:THERMAX) Has Some Way To Go To Become A Multi-Bagger
May 03Revenues Tell The Story For Thermax Limited (NSE:THERMAX) As Its Stock Soars 26%
Apr 06Does Thermax (NSE:THERMAX) Have A Healthy Balance Sheet?
Mar 24Thermax Limited's (NSE:THERMAX) Share Price Matching Investor Opinion
Jan 08Thermax (NSE:THERMAX) Seems To Use Debt Quite Sensibly
Dec 17Here's What To Make Of Thermax's (NSE:THERMAX) Decelerating Rates Of Return
Nov 26These 4 Measures Indicate That Thermax (NSE:THERMAX) Is Using Debt Safely
Sep 14Here's What To Make Of Thermax's (NSE:THERMAX) Decelerating Rates Of Return
Aug 19We Think Thermax (NSE:THERMAX) Can Manage Its Debt With Ease
May 19Returns On Capital At Thermax (NSE:THERMAX) Have Hit The Brakes
Feb 19Thermax (NSE:THERMAX) Could Easily Take On More Debt
Jan 02Returns On Capital At Thermax (NSE:THERMAX) Paint A Concerning Picture
Nov 09Capital Allocation Trends At Thermax (NSE:THERMAX) Aren't Ideal
Aug 11Thermax's (NSE:THERMAX) Upcoming Dividend Will Be Larger Than Last Year's
Jul 14Is Thermax (NSE:THERMAX) A Risky Investment?
Jul 03Thermax (NSE:THERMAX) Hasn't Managed To Accelerate Its Returns
Apr 28Thermax (NSE:THERMAX) Could Easily Take On More Debt
Mar 29Thermax (NSE:THERMAX) Has More To Do To Multiply In Value Going Forward
Jan 22We Think Thermax (NSE:THERMAX) Can Manage Its Debt With Ease
Dec 24Thermax (NSE:THERMAX) Is Reinvesting At Lower Rates Of Return
Oct 22Thermax (NSE:THERMAX) Seems To Use Debt Rather Sparingly
Sep 21We Think Thermax (NSE:THERMAX) Can Stay On Top Of Its Debt
Jun 04Returns On Capital At Thermax (NSE:THERMAX) Paint A Concerning Picture
Mar 08Can Mixed Fundamentals Have A Negative Impact on Thermax Limited (NSE:THERMAX) Current Share Price Momentum?
Jan 21Reflecting on Thermax's (NSE:THERMAX) Share Price Returns Over The Last Three Years
Jan 06Thermax (NSE:THERMAX) Has A Pretty Healthy Balance Sheet
Dec 22
How Well Is Thermax (NSE:THERMAX) Allocating Its Capital?
Dec 08Here's Why We Think Thermax's (NSE:THERMAX) Statutory Earnings Might Be Conservative
Nov 23Financial Position Analysis
Short Term Liabilities: THERMAX's short term assets (₹59.7B) exceed its short term liabilities (₹44.8B).
Long Term Liabilities: THERMAX's short term assets (₹59.7B) exceed its long term liabilities (₹8.4B).
Debt to Equity History and Analysis
Debt Level: THERMAX has more cash than its total debt.
Reducing Debt: THERMAX's debt to equity ratio has increased from 7.1% to 26.9% over the past 5 years.
Debt Coverage: THERMAX's debt is well covered by operating cash flow (47.3%).
Interest Coverage: THERMAX earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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