Damodar Industries Balance Sheet Health
Financial Health criteria checks 2/6
Damodar Industries has a total shareholder equity of ₹1.2B and total debt of ₹2.8B, which brings its debt-to-equity ratio to 242.5%. Its total assets and total liabilities are ₹4.3B and ₹3.2B respectively. Damodar Industries's EBIT is ₹90.7M making its interest coverage ratio 0.3. It has cash and short-term investments of ₹9.9M.
Key information
242.5%
Debt to equity ratio
₹2.84b
Debt
Interest coverage ratio | 0.3x |
Cash | ₹9.93m |
Equity | ₹1.17b |
Total liabilities | ₹3.17b |
Total assets | ₹4.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 521220's short term assets (₹2.4B) exceed its short term liabilities (₹1.9B).
Long Term Liabilities: 521220's short term assets (₹2.4B) exceed its long term liabilities (₹1.2B).
Debt to Equity History and Analysis
Debt Level: 521220's net debt to equity ratio (241.7%) is considered high.
Reducing Debt: 521220's debt to equity ratio has increased from 194.6% to 242.5% over the past 5 years.
Debt Coverage: 521220's debt is not well covered by operating cash flow (6%).
Interest Coverage: 521220's interest payments on its debt are not well covered by EBIT (0.3x coverage).