Thermax Balance Sheet Health
Financial Health criteria checks 5/6
Thermax has a total shareholder equity of ₹46.3B and total debt of ₹14.8B, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are ₹109.7B and ₹63.4B respectively. Thermax's EBIT is ₹7.7B making its interest coverage ratio 93.2. It has cash and short-term investments of ₹29.4B.
Key information
31.9%
Debt to equity ratio
₹14.75b
Debt
| Interest coverage ratio | 93.2x |
| 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 24Thermax (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 19Recent updates
Getting In Cheap On Thermax Limited (NSE:THERMAX) Is Unlikely
Jan 24Does 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 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 21Financial 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 31.9% over the past 5 years.
Debt Coverage: THERMAX's debt is well covered by operating cash flow (39.9%).
Interest Coverage: THERMAX's interest payments on its debt are well covered by EBIT (93.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/21 12:24 |
| End of Day Share Price | 2025/02/21 00:00 |
| Earnings | 2024/12/31 |
| 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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 Github.
Analyst Sources
Thermax Limited is covered by 55 analysts. 19 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 |
|---|---|
| null null | Anand Rathi Shares and Stock Brokers Limited |
| Amol Rao | Anand Rathi Shares and Stock Brokers Limited |
| Puneet Bambha | Angel Broking Private Limited |