Damodar Industries Balance Sheet Health
Financial Health criteria checks 4/6
Damodar Industries has a total shareholder equity of ₹1.4B and total debt of ₹2.1B, which brings its debt-to-equity ratio to 154.5%. Its total assets and total liabilities are ₹3.7B and ₹2.3B respectively. Damodar Industries's EBIT is ₹82.9M making its interest coverage ratio 0.3. It has cash and short-term investments of ₹6.8M.
Key information
154.5%
Debt to equity ratio
₹2.13b
Debt
| Interest coverage ratio | 0.3x |
| Cash | ₹6.78m |
| Equity | ₹1.38b |
| Total liabilities | ₹2.35b |
| Total assets | ₹3.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 521220's short term assets (₹1.9B) exceed its short term liabilities (₹1.4B).
Long Term Liabilities: 521220's short term assets (₹1.9B) exceed its long term liabilities (₹934.2M).
Debt to Equity History and Analysis
Debt Level: 521220's net debt to equity ratio (154%) is considered high.
Reducing Debt: 521220's debt to equity ratio has reduced from 354.4% to 154.5% over the past 5 years.
Debt Coverage: 521220's debt is well covered by operating cash flow (38.4%).
Interest Coverage: 521220's interest payments on its debt are not well covered by EBIT (0.3x coverage).