V.I.P. Industries Balance Sheet Health
Financial Health criteria checks 2/6
V.I.P. Industries has a total shareholder equity of ₹6.8B and total debt of ₹5.3B, which brings its debt-to-equity ratio to 78.6%. Its total assets and total liabilities are ₹20.7B and ₹13.9B respectively. V.I.P. Industries's EBIT is ₹940.7M making its interest coverage ratio 1.7. It has cash and short-term investments of ₹474.0M.
Key information
78.6%
Debt to equity ratio
₹5.33b
Debt
Interest coverage ratio | 1.7x |
Cash | ₹474.00m |
Equity | ₹6.78b |
Total liabilities | ₹13.89b |
Total assets | ₹20.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 507880's short term assets (₹14.3B) exceed its short term liabilities (₹10.9B).
Long Term Liabilities: 507880's short term assets (₹14.3B) exceed its long term liabilities (₹3.0B).
Debt to Equity History and Analysis
Debt Level: 507880's net debt to equity ratio (71.6%) is considered high.
Reducing Debt: 507880's debt to equity ratio has increased from 14.8% to 78.6% over the past 5 years.
Debt Coverage: 507880's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 507880's interest payments on its debt are not well covered by EBIT (1.7x coverage).