Ion Exchange (India) Balance Sheet Health
Financial Health criteria checks 6/6
Ion Exchange (India) has a total shareholder equity of ₹10.2B and total debt of ₹1.5B, which brings its debt-to-equity ratio to 14.9%. Its total assets and total liabilities are ₹24.5B and ₹14.3B respectively. Ion Exchange (India)'s EBIT is ₹2.5B making its interest coverage ratio 19.2. It has cash and short-term investments of ₹5.9B.
Key information
14.9%
Debt to equity ratio
₹1.52b
Debt
| Interest coverage ratio | 19.2x |
| Cash | ₹5.88b |
| Equity | ₹10.20b |
| Total liabilities | ₹14.30b |
| Total assets | ₹24.49b |
Recent financial health updates
No updates
Recent updates
Ion Exchange (India) (NSE:IONEXCHANG) Is Increasing Its Dividend To ₹1.50
Aug 10
What 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 (₹19.5B) exceed its short term liabilities (₹12.6B).
Long Term Liabilities: IONEXCHANG's short term assets (₹19.5B) exceed its long term liabilities (₹1.7B).
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 41.8% to 14.9% over the past 5 years.
Debt Coverage: IONEXCHANG's debt is well covered by operating cash flow (85.3%).
Interest Coverage: IONEXCHANG's interest payments on its debt are well covered by EBIT (19.2x coverage).