TeamLease Services Balance Sheet Health
Financial Health criteria checks 6/6
TeamLease Services has a total shareholder equity of ₹8.6B and total debt of ₹480.6M, which brings its debt-to-equity ratio to 5.6%. Its total assets and total liabilities are ₹22.2B and ₹13.6B respectively. TeamLease Services's EBIT is ₹769.2M making its interest coverage ratio -5. It has cash and short-term investments of ₹6.1B.
Key information
5.6%
Debt to equity ratio
₹480.60m
Debt
| Interest coverage ratio | -5x |
| Cash | ₹6.07b |
| Equity | ₹8.56b |
| Total liabilities | ₹13.64b |
| Total assets | ₹22.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539658's short term assets (₹15.3B) exceed its short term liabilities (₹11.9B).
Long Term Liabilities: 539658's short term assets (₹15.3B) exceed its long term liabilities (₹1.8B).
Debt to Equity History and Analysis
Debt Level: 539658 has more cash than its total debt.
Reducing Debt: 539658's debt to equity ratio has reduced from 7.7% to 5.6% over the past 5 years.
Debt Coverage: 539658's debt is well covered by operating cash flow (563.8%).
Interest Coverage: 539658 earns more interest than it pays, so coverage of interest payments is not a concern.