Ion Exchange (India) Balance Sheet Health
Financial Health criteria checks 6/6
Ion Exchange (India) has a total shareholder equity of ₹11.0B and total debt of ₹1.9B, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are ₹26.2B and ₹15.3B respectively. Ion Exchange (India)'s EBIT is ₹2.7B making its interest coverage ratio -11.4. It has cash and short-term investments of ₹4.9B.
Key information
17.7%
Debt to equity ratio
₹1.95b
Debt
| Interest coverage ratio | -11.4x |
| Cash | ₹4.91b |
| Equity | ₹10.98b |
| Total liabilities | ₹15.27b |
| Total assets | ₹26.25b |
Recent financial health updates
No updates
Recent updates
Ion Exchange (India) (NSE:IONEXCHANG) Will Want To Turn Around Its Return Trends
Nov 12
Ion Exchange (India) (NSE:IONEXCHANG) Is Increasing Its Dividend To ₹1.50
Aug 10What Ion Exchange (India) Limited's (NSE:IONEXCHANG) 30% Share Price Gain Is Not Telling You
Jul 02We Think You Should Be Aware Of Some Concerning Factors In Ion Exchange (India)'s (NSE:IONEXCHANG) Earnings
Jun 06Shareholders Are Optimistic That Ion Exchange (India) (NSE:IONEXCHANG) Will Multiply In Value
May 14Investors Shouldn't Overlook The Favourable Returns On Capital At Ion Exchange (India) (NSE:IONEXCHANG)
Dec 29Here's What Ion Exchange (India)'s (NSE:IONEXCHANG) Strong Returns On Capital Mean
Aug 09Many Would Be Envious Of Ion Exchange (India)'s (NSE:IONEXCHANG) Excellent Returns On Capital
Mar 15Robust Earnings May Not Tell The Whole Story For Ion Exchange (India) (NSE:IONEXCHANG)
Jun 04A Piece Of The Puzzle Missing From Ion Exchange (India) Limited's (NSE:IONEXCHANG) Share Price
Jun 01Financial Position Analysis
Short Term Liabilities: IONEXCHANG's short term assets (₹20.1B) exceed its short term liabilities (₹13.1B).
Long Term Liabilities: IONEXCHANG's short term assets (₹20.1B) exceed its long term liabilities (₹2.2B).
Debt to Equity History and Analysis
Debt Level: IONEXCHANG has more cash than its total debt.
Reducing Debt: IONEXCHANG's debt to equity ratio has reduced from 32.9% to 17.7% over the past 5 years.
Debt Coverage: IONEXCHANG's debt is well covered by operating cash flow (21.8%).
Interest Coverage: IONEXCHANG earns more interest than it pays, so coverage of interest payments is not a concern.