Veto Switchgears and Cables Balance Sheet Health
Financial Health criteria checks 6/6
Veto Switchgears and Cables has a total shareholder equity of ₹2.6B and total debt of ₹109.6M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are ₹3.2B and ₹582.9M respectively. Veto Switchgears and Cables's EBIT is ₹273.4M making its interest coverage ratio 39.9. It has cash and short-term investments of ₹22.0M.
Key information
4.2%
Debt to equity ratio
₹109.58m
Debt
| Interest coverage ratio | 39.9x |
| Cash | ₹21.99m |
| Equity | ₹2.58b |
| Total liabilities | ₹582.86m |
| Total assets | ₹3.16b |
Recent financial health updates
We Think Veto Switchgears and Cables (NSE:VETO) Can Stay On Top Of Its Debt
Jul 27
Veto Switchgears and Cables (NSE:VETO) Seems To Use Debt Quite Sensibly
Feb 09Is Veto Switchgears and Cables (NSE:VETO) Using Too Much Debt?
Feb 28Veto Switchgears and Cables (NSE:VETO) Has A Pretty Healthy Balance Sheet
Jun 17These 4 Measures Indicate That Veto Switchgears and Cables (NSE:VETO) Is Using Debt Reasonably Well
Feb 23Veto Switchgears and Cables (NSE:VETO) Has A Rock Solid Balance Sheet
Aug 12Recent updates
Veto Switchgears and Cables (NSE:VETO) Is Due To Pay A Dividend Of ₹1.00
Sep 06Improved Earnings Required Before Veto Switchgears and Cables Limited (NSE:VETO) Stock's 27% Jump Looks Justified
Jul 28We Think Veto Switchgears and Cables (NSE:VETO) Can Stay On Top Of Its Debt
Jul 27Returns On Capital At Veto Switchgears and Cables (NSE:VETO) Have Hit The Brakes
Jun 05Improved Earnings Required Before Veto Switchgears and Cables Limited (NSE:VETO) Shares Find Their Feet
Mar 14Veto Switchgears and Cables (NSE:VETO) Seems To Use Debt Quite Sensibly
Feb 09Veto Switchgears and Cables (NSE:VETO) Has Announced A Dividend Of ₹1.00
Sep 07Estimating The Fair Value Of Veto Switchgears and Cables Limited (NSE:VETO)
Jul 11Veto Switchgears and Cables (NSE:VETO) Could Be Struggling To Allocate Capital
Jun 01Here's Why We Think Veto Switchgears and Cables (NSE:VETO) Is Well Worth Watching
Mar 29Is Veto Switchgears and Cables (NSE:VETO) Using Too Much Debt?
Feb 28The Returns On Capital At Veto Switchgears and Cables (NSE:VETO) Don't Inspire Confidence
Dec 31Veto Switchgears and Cables (NSE:VETO) Will Pay A Dividend Of ₹1.00
Sep 04Veto Switchgears and Cables (NSE:VETO) Has A Pretty Healthy Balance Sheet
Jun 17Here's Why I Think Veto Switchgears and Cables (NSE:VETO) Might Deserve Your Attention Today
May 13These 4 Measures Indicate That Veto Switchgears and Cables (NSE:VETO) Is Using Debt Reasonably Well
Feb 23Veto Switchgears and Cables (NSE:VETO) Has A Rock Solid Balance Sheet
Aug 12Returns On Capital At Veto Switchgears and Cables (NSE:VETO) Paint A Concerning Picture
May 17Estimating The Fair Value Of Veto Switchgears and Cables Limited (NSE:VETO)
Mar 03Here's What To Make Of Veto Switchgears and Cables' (NSE:VETO) Returns On Capital
Feb 09
Veto Switchgears and Cables Limited's (NSE:VETO) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Dec 23Trade Alert: Kishore Gurnani At Veto Switchgears and Cables Limited (NSE:VETO), Has Just Spent ₹4.3m Buying 18% More Shares
Nov 22Financial Position Analysis
Short Term Liabilities: VETO's short term assets (₹2.5B) exceed its short term liabilities (₹498.0M).
Long Term Liabilities: VETO's short term assets (₹2.5B) exceed its long term liabilities (₹84.9M).
Debt to Equity History and Analysis
Debt Level: VETO's net debt to equity ratio (3.4%) is considered satisfactory.
Reducing Debt: VETO's debt to equity ratio has reduced from 13.8% to 4.2% over the past 5 years.
Debt Coverage: VETO's debt is well covered by operating cash flow (264.9%).
Interest Coverage: VETO's interest payments on its debt are well covered by EBIT (39.9x coverage).