Vdeal System Balance Sheet Health
Financial Health criteria checks 4/6
Vdeal System has a total shareholder equity of ₹62.9M and total debt of ₹92.9M, which brings its debt-to-equity ratio to 147.8%. Its total assets and total liabilities are ₹272.8M and ₹209.9M respectively. Vdeal System's EBIT is ₹53.3M making its interest coverage ratio 6. It has cash and short-term investments of ₹3.3M.
Key information
147.8%
Debt to equity ratio
₹92.92m
Debt
| Interest coverage ratio | 6x |
| Cash | ₹3.31m |
| Equity | ₹62.88m |
| Total liabilities | ₹209.92m |
| Total assets | ₹272.79m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VDEAL's short term assets (₹210.6M) exceed its short term liabilities (₹172.6M).
Long Term Liabilities: VDEAL's short term assets (₹210.6M) exceed its long term liabilities (₹37.3M).
Debt to Equity History and Analysis
Debt Level: VDEAL's net debt to equity ratio (142.5%) is considered high.
Reducing Debt: VDEAL's debt to equity ratio has reduced from 165.5% to 147.8% over the past 5 years.
Debt Coverage: VDEAL's debt is not well covered by operating cash flow (14.5%).
Interest Coverage: VDEAL's interest payments on its debt are well covered by EBIT (6x coverage).