Zodiac Energy Balance Sheet Health
Financial Health criteria checks 4/6
Zodiac Energy has a total shareholder equity of ₹475.7M and total debt of ₹381.2M, which brings its debt-to-equity ratio to 80.1%. Its total assets and total liabilities are ₹1.2B and ₹680.3M respectively. Zodiac Energy's EBIT is ₹191.5M making its interest coverage ratio 4.3. It has cash and short-term investments of ₹102.1M.
Key information
80.1%
Debt to equity ratio
₹381.25m
Debt
| Interest coverage ratio | 4.3x |
| Cash | ₹102.13m |
| Equity | ₹475.74m |
| Total liabilities | ₹680.28m |
| Total assets | ₹1.16b |
Recent financial health updates
Zodiac Energy (NSE:ZODIAC) Has A Pretty Healthy Balance Sheet
Dec 12
These 4 Measures Indicate That Zodiac Energy (NSE:ZODIAC) Is Using Debt Extensively
Jun 06Here's Why Zodiac Energy (NSE:ZODIAC) Can Manage Its Debt Responsibly
Aug 21Does Zodiac Energy (NSE:ZODIAC) Have A Healthy Balance Sheet?
May 12Does Zodiac Energy (NSE:ZODIAC) Have A Healthy Balance Sheet?
Feb 10Does Zodiac Energy (NSE:ZODIAC) Have A Healthy Balance Sheet?
Jul 14Recent updates
Subdued Growth No Barrier To Zodiac Energy Limited (NSE:ZODIAC) With Shares Advancing 32%
Apr 19Does Zodiac Energy (NSE:ZODIAC) Deserve A Spot On Your Watchlist?
Apr 18Zodiac Energy Limited (NSE:ZODIAC) Looks Just Right With A 27% Price Jump
Feb 29Zodiac Energy (NSE:ZODIAC) Has A Pretty Healthy Balance Sheet
Dec 12With EPS Growth And More, Zodiac Energy (NSE:ZODIAC) Makes An Interesting Case
Oct 21These 4 Measures Indicate That Zodiac Energy (NSE:ZODIAC) Is Using Debt Extensively
Jun 06With EPS Growth And More, Zodiac Energy (NSE:ZODIAC) Makes An Interesting Case
Sep 11Here's Why Zodiac Energy (NSE:ZODIAC) Can Manage Its Debt Responsibly
Aug 21Should You Be Adding Zodiac Energy (NSE:ZODIAC) To Your Watchlist Today?
Jun 09Does Zodiac Energy (NSE:ZODIAC) Have A Healthy Balance Sheet?
May 12Does Zodiac Energy (NSE:ZODIAC) Have A Healthy Balance Sheet?
Feb 10Is Now The Time To Put Zodiac Energy (NSE:ZODIAC) On Your Watchlist?
Jan 11With EPS Growth And More, Zodiac Energy (NSE:ZODIAC) Is Interesting
Sep 12Does Zodiac Energy (NSE:ZODIAC) Have A Healthy Balance Sheet?
Jul 14Should You Be Adding Zodiac Energy (NSE:ZODIAC) To Your Watchlist Today?
Apr 08Do Zodiac Energy's (NSE:ZODIAC) Earnings Warrant Your Attention?
Jan 08
Financial Position Analysis
Short Term Liabilities: ZODIAC's short term assets (₹1.0B) exceed its short term liabilities (₹585.3M).
Long Term Liabilities: ZODIAC's short term assets (₹1.0B) exceed its long term liabilities (₹95.0M).
Debt to Equity History and Analysis
Debt Level: ZODIAC's net debt to equity ratio (58.7%) is considered high.
Reducing Debt: ZODIAC's debt to equity ratio has increased from 20.1% to 80.1% over the past 5 years.
Debt Coverage: ZODIAC's debt is well covered by operating cash flow (41.9%).
Interest Coverage: ZODIAC's interest payments on its debt are well covered by EBIT (4.3x coverage).