Bajaj Electricals Balance Sheet Health
Financial Health criteria checks 6/6
Bajaj Electricals has a total shareholder equity of ₹13.5B and total debt of ₹2.0B, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are ₹37.9B and ₹24.4B respectively. Bajaj Electricals's EBIT is ₹1.9B making its interest coverage ratio 3.8. It has cash and short-term investments of ₹2.0B.
Key information
15.0%
Debt to equity ratio
₹2.03b
Debt
Interest coverage ratio | 3.8x |
Cash | ₹2.04b |
Equity | ₹13.48b |
Total liabilities | ₹24.39b |
Total assets | ₹37.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500031's short term assets (₹25.1B) exceed its short term liabilities (₹22.0B).
Long Term Liabilities: 500031's short term assets (₹25.1B) exceed its long term liabilities (₹2.4B).
Debt to Equity History and Analysis
Debt Level: 500031 has more cash than its total debt.
Reducing Debt: 500031's debt to equity ratio has reduced from 163.8% to 15% over the past 5 years.
Debt Coverage: 500031's debt is well covered by operating cash flow (179.7%).
Interest Coverage: 500031's interest payments on its debt are well covered by EBIT (3.8x coverage).