Vinsys IT Services India Balance Sheet Health
Financial Health criteria checks 4/6
Vinsys IT Services India has a total shareholder equity of ₹1.0B and total debt of ₹180.3M, which brings its debt-to-equity ratio to 17.8%. Its total assets and total liabilities are ₹1.4B and ₹368.9M respectively. Vinsys IT Services India's EBIT is ₹271.7M making its interest coverage ratio 10.8. It has cash and short-term investments of ₹201.8M.
Key information
17.8%
Debt to equity ratio
₹180.27m
Debt
| Interest coverage ratio | 10.8x |
| Cash | ₹201.83m |
| Equity | ₹1.01b |
| Total liabilities | ₹368.89m |
| Total assets | ₹1.38b |
Recent financial health updates
Is Vinsys IT Services India (NSE:VINSYS) Using Too Much Debt?
Jul 16
Here's Why Vinsys IT Services India (NSE:VINSYS) Can Manage Its Debt Responsibly
Feb 13Recent updates
Is Vinsys IT Services India (NSE:VINSYS) Using Too Much Debt?
Jul 16Vinsys IT Services India's (NSE:VINSYS) Shareholders May Want To Dig Deeper Than Statutory Profit
May 23Vinsys IT Services India Limited (NSE:VINSYS) Stock Rockets 30% But Many Are Still Ignoring The Company
May 21Here's Why Vinsys IT Services India (NSE:VINSYS) Can Manage Its Debt Responsibly
Feb 13Financial Position Analysis
Short Term Liabilities: VINSYS's short term assets (₹870.9M) exceed its short term liabilities (₹205.7M).
Long Term Liabilities: VINSYS's short term assets (₹870.9M) exceed its long term liabilities (₹163.2M).
Debt to Equity History and Analysis
Debt Level: VINSYS has more cash than its total debt.
Reducing Debt: Insufficient data to determine if VINSYS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: VINSYS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: VINSYS's interest payments on its debt are well covered by EBIT (10.8x coverage).