Vardhman Textiles Balance Sheet Health
Financial Health criteria checks 6/6
Vardhman Textiles has a total shareholder equity of ₹89.3B and total debt of ₹15.1B, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are ₹114.6B and ₹25.4B respectively. Vardhman Textiles's EBIT is ₹5.7B making its interest coverage ratio 11. It has cash and short-term investments of ₹19.3B.
Key information
17.0%
Debt to equity ratio
₹15.15b
Debt
Interest coverage ratio | 11x |
Cash | ₹19.26b |
Equity | ₹89.25b |
Total liabilities | ₹25.37b |
Total assets | ₹114.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 502986's short term assets (₹60.6B) exceed its short term liabilities (₹13.2B).
Long Term Liabilities: 502986's short term assets (₹60.6B) exceed its long term liabilities (₹12.2B).
Debt to Equity History and Analysis
Debt Level: 502986 has more cash than its total debt.
Reducing Debt: 502986's debt to equity ratio has reduced from 25.2% to 17% over the past 5 years.
Debt Coverage: 502986's debt is well covered by operating cash flow (48.3%).
Interest Coverage: 502986's interest payments on its debt are well covered by EBIT (11x coverage).