Voltas Balance Sheet Health
Financial Health criteria checks 6/6
Voltas has a total shareholder equity of ₹57.6B and total debt of ₹5.6B, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are ₹100.1B and ₹42.5B respectively. Voltas's EBIT is ₹4.8B making its interest coverage ratio -121.5. It has cash and short-term investments of ₹14.2B.
Key information
9.6%
Debt to equity ratio
₹5.55b
Debt
Interest coverage ratio | -121.5x |
Cash | ₹14.19b |
Equity | ₹57.56b |
Total liabilities | ₹42.54b |
Total assets | ₹100.10b |
Recent financial health updates
Is Voltas (NSE:VOLTAS) A Risky Investment?
Feb 01These 4 Measures Indicate That Voltas (NSE:VOLTAS) Is Using Debt Reasonably Well
Oct 31We Think Voltas (NSE:VOLTAS) Can Stay On Top Of Its Debt
Jun 08Here's Why Voltas (NSE:VOLTAS) Can Manage Its Debt Responsibly
Feb 25Is Voltas (NSE:VOLTAS) A Risky Investment?
Nov 21We Think Voltas (NSE:VOLTAS) Can Stay On Top Of Its Debt
Jul 15Recent updates
Voltas (NSE:VOLTAS) Will Want To Turn Around Its Return Trends
Apr 18The Price Is Right For Voltas Limited (NSE:VOLTAS)
Mar 28Is Voltas (NSE:VOLTAS) A Risky Investment?
Feb 01Be Wary Of Voltas (NSE:VOLTAS) And Its Returns On Capital
Jan 14These 4 Measures Indicate That Voltas (NSE:VOLTAS) Is Using Debt Reasonably Well
Oct 31Here's What's Concerning About Voltas' (NSE:VOLTAS) Returns On Capital
Oct 13There Are Reasons To Feel Uneasy About Voltas' (NSE:VOLTAS) Returns On Capital
Jul 14We Think Voltas (NSE:VOLTAS) Can Stay On Top Of Its Debt
Jun 08Here's Why Voltas (NSE:VOLTAS) Can Manage Its Debt Responsibly
Feb 25Voltas (NSE:VOLTAS) Might Be Having Difficulty Using Its Capital Effectively
Feb 04Is Voltas (NSE:VOLTAS) A Risky Investment?
Nov 21Voltas' (NSE:VOLTAS) Returns On Capital Not Reflecting Well On The Business
Nov 02Investors Could Be Concerned With Voltas' (NSE:VOLTAS) Returns On Capital
Aug 03We Think Voltas (NSE:VOLTAS) Can Stay On Top Of Its Debt
Jul 15Weak Statutory Earnings May Not Tell The Whole Story For Voltas (NSE:VOLTAS)
Jun 06The Returns On Capital At Voltas (NSE:VOLTAS) Don't Inspire Confidence
Apr 16Is Voltas (NSE:VOLTAS) Using Too Much Debt?
Mar 06Voltas (NSE:VOLTAS) Has More To Do To Multiply In Value Going Forward
Jan 09Voltas (NSE:VOLTAS) Seems To Use Debt Rather Sparingly
Dec 05Voltas (NSE:VOLTAS) Has Some Way To Go To Become A Multi-Bagger
Oct 10At ₹1,254, Is Voltas Limited (NSE:VOLTAS) Worth Looking At Closely?
Sep 19Voltas (NSE:VOLTAS) Seems To Use Debt Quite Sensibly
Sep 04Voltas Limited's (NSE:VOLTAS) CEO Compensation Looks Acceptable To Us And Here's Why
Aug 20Voltas (NSE:VOLTAS) Is Paying Out A Larger Dividend Than Last Year
Aug 04Voltas (NSE:VOLTAS) Will Be Hoping To Turn Its Returns On Capital Around
Jun 07Should You Think About Buying Voltas Limited (NSE:VOLTAS) Now?
May 18What Type Of Shareholders Own The Most Number of Voltas Limited (NSE:VOLTAS) Shares?
Mar 18Voltas (NSE:VOLTAS) Takes On Some Risk With Its Use Of Debt
Mar 03At ₹1,058, Is It Time To Put Voltas Limited (NSE:VOLTAS) On Your Watch List?
Feb 15Will Voltas (NSE:VOLTAS) Multiply In Value Going Forward?
Feb 01Voltas Limited (NSE:VOLTAS) Is Yielding 0.4% - But Is It A Buy?
Jan 19Voltas Limited's (NSE:VOLTAS) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Jan 05Investors Who Bought Voltas (NSE:VOLTAS) Shares Five Years Ago Are Now Up 166%
Dec 21How Does Voltas' (NSE:VOLTAS) CEO Salary Compare to Peers?
Dec 08Voltas (NSE:VOLTAS) Has A Pretty Healthy Balance Sheet
Nov 23Financial Position Analysis
Short Term Liabilities: VOLTAS's short term assets (₹59.5B) exceed its short term liabilities (₹40.7B).
Long Term Liabilities: VOLTAS's short term assets (₹59.5B) exceed its long term liabilities (₹1.8B).
Debt to Equity History and Analysis
Debt Level: VOLTAS has more cash than its total debt.
Reducing Debt: VOLTAS's debt to equity ratio has reduced from 13.1% to 9.6% over the past 5 years.
Debt Coverage: VOLTAS's debt is well covered by operating cash flow (130.5%).
Interest Coverage: VOLTAS earns more interest than it pays, so coverage of interest payments is not a concern.