IFB Industries Balance Sheet Health
Financial Health criteria checks 5/6
IFB Industries has a total shareholder equity of ₹7.2B and total debt of ₹1.6B, which brings its debt-to-equity ratio to 22.9%. Its total assets and total liabilities are ₹21.8B and ₹14.6B respectively. IFB Industries's EBIT is ₹1.4B making its interest coverage ratio 7.5. It has cash and short-term investments of ₹3.0B.
Key information
22.9%
Debt to equity ratio
₹1.64b
Debt
| Interest coverage ratio | 7.5x |
| Cash | ₹3.02b |
| Equity | ₹7.18b |
| Total liabilities | ₹14.62b |
| Total assets | ₹21.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 505726's short term assets (₹14.2B) exceed its short term liabilities (₹12.5B).
Long Term Liabilities: 505726's short term assets (₹14.2B) exceed its long term liabilities (₹2.1B).
Debt to Equity History and Analysis
Debt Level: 505726 has more cash than its total debt.
Reducing Debt: 505726's debt to equity ratio has increased from 11.6% to 22.9% over the past 5 years.
Debt Coverage: 505726's debt is well covered by operating cash flow (212.9%).
Interest Coverage: 505726's interest payments on its debt are well covered by EBIT (7.5x coverage).