Indo Count Industries Balance Sheet Health
Financial Health criteria checks 3/6
Indo Count Industries has a total shareholder equity of ₹22.0B and total debt of ₹14.1B, which brings its debt-to-equity ratio to 64.2%. Its total assets and total liabilities are ₹43.8B and ₹21.8B respectively. Indo Count Industries's EBIT is ₹4.8B making its interest coverage ratio 6.7. It has cash and short-term investments of ₹3.7B.
Key information
64.2%
Debt to equity ratio
₹14.11b
Debt
| Interest coverage ratio | 6.7x |
| Cash | ₹3.66b |
| Equity | ₹21.98b |
| Total liabilities | ₹21.77b |
| Total assets | ₹43.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 521016's short term assets (₹26.9B) exceed its short term liabilities (₹17.3B).
Long Term Liabilities: 521016's short term assets (₹26.9B) exceed its long term liabilities (₹4.5B).
Debt to Equity History and Analysis
Debt Level: 521016's net debt to equity ratio (47.5%) is considered high.
Reducing Debt: 521016's debt to equity ratio has increased from 52.3% to 64.2% over the past 5 years.
Debt Coverage: 521016's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 521016's interest payments on its debt are well covered by EBIT (6.7x coverage).