Virat Industries Balance Sheet Health
Financial Health criteria checks 6/6
Virat Industries has a total shareholder equity of ₹259.0M and total debt of ₹7.0M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are ₹326.7M and ₹67.7M respectively. Virat Industries's EBIT is ₹5.9M making its interest coverage ratio -10.6. It has cash and short-term investments of ₹55.2M.
Key information
2.7%
Debt to equity ratio
₹7.04m
Debt
Interest coverage ratio | -10.6x |
Cash | ₹55.22m |
Equity | ₹258.98m |
Total liabilities | ₹67.68m |
Total assets | ₹326.66m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530521's short term assets (₹265.9M) exceed its short term liabilities (₹58.4M).
Long Term Liabilities: 530521's short term assets (₹265.9M) exceed its long term liabilities (₹9.3M).
Debt to Equity History and Analysis
Debt Level: 530521 has more cash than its total debt.
Reducing Debt: 530521's debt to equity ratio has reduced from 14.1% to 2.7% over the past 5 years.
Debt Coverage: 530521's debt is well covered by operating cash flow (937.4%).
Interest Coverage: 530521 earns more interest than it pays, so coverage of interest payments is not a concern.