Dev Labtech Venture Balance Sheet Health
Financial Health criteria checks 5/6
Dev Labtech Venture has a total shareholder equity of ₹359.0M and total debt of ₹12.3M, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are ₹386.7M and ₹27.8M respectively. Dev Labtech Venture's EBIT is ₹10.1M making its interest coverage ratio 12.1. It has cash and short-term investments of ₹1.4M.
Key information
3.4%
Debt to equity ratio
₹12.31m
Debt
| Interest coverage ratio | 12.1x |
| Cash | ₹1.44m |
| Equity | ₹358.96m |
| Total liabilities | ₹27.76m |
| Total assets | ₹386.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543848's short term assets (₹337.5M) exceed its short term liabilities (₹15.8M).
Long Term Liabilities: 543848's short term assets (₹337.5M) exceed its long term liabilities (₹11.9M).
Debt to Equity History and Analysis
Debt Level: 543848's net debt to equity ratio (3%) is considered satisfactory.
Reducing Debt: 543848's debt to equity ratio has reduced from 109.9% to 3.4% over the past 5 years.
Debt Coverage: 543848's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 543848's interest payments on its debt are well covered by EBIT (12.1x coverage).