Thermax Balance Sheet Health
Financial Health criteria checks 5/6
Thermax has a total shareholder equity of ₹46.3B and total debt of ₹14.5B, which brings its debt-to-equity ratio to 31.4%. Its total assets and total liabilities are ₹109.7B and ₹63.4B respectively. Thermax's EBIT is ₹7.7B making its interest coverage ratio 123.3. It has cash and short-term investments of ₹29.4B.
Key information
31.4%
Debt to equity ratio
₹14.52b
Debt
| Interest coverage ratio | 123.3x |
| Cash | ₹29.43b |
| Equity | ₹46.28b |
| Total liabilities | ₹63.41b |
| Total assets | ₹109.69b |
Recent financial health updates
Does Thermax (NSE:THERMAX) Have A Healthy Balance Sheet?
Dec 13
Is Thermax (NSE:THERMAX) A Risky Investment?
Jul 02Does Thermax (NSE:THERMAX) Have A Healthy Balance Sheet?
Mar 24Recent updates
Does Thermax (NSE:THERMAX) Have A Healthy Balance Sheet?
Dec 13Thermax's (NSE:THERMAX) Shareholders Should Assess Earnings With Caution
Nov 21The Returns At Thermax (NSE:THERMAX) Aren't Growing
Nov 09Thermax Limited's (NSE:THERMAX) Share Price Matching Investor Opinion
Oct 13Thermax Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Aug 04Thermax (NSE:THERMAX) Has Some Way To Go To Become A Multi-Bagger
Aug 02Is Thermax (NSE:THERMAX) A Risky Investment?
Jul 02Thermax (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 08Financial Position Analysis
Short Term Liabilities: THERMAX's short term assets (₹66.2B) exceed its short term liabilities (₹48.7B).
Long Term Liabilities: THERMAX's short term assets (₹66.2B) exceed its long term liabilities (₹14.7B).
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 5.5% to 31.4% over the past 5 years.
Debt Coverage: THERMAX's debt is well covered by operating cash flow (40.6%).
Interest Coverage: THERMAX's interest payments on its debt are well covered by EBIT (123.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 04:17 |
| End of Day Share Price | 2024/12/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Thermax Limited is covered by 54 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Amol Rao | Anand Rathi Shares and Stock Brokers Limited |
| null null | Anand Rathi Shares and Stock Brokers Limited |
| Puneet Bambha | Angel Broking Private Limited |