De Neers Tools Balance Sheet Health
Financial Health criteria checks 3/6
De Neers Tools has a total shareholder equity of ₹610.9M and total debt of ₹541.9M, which brings its debt-to-equity ratio to 88.7%. Its total assets and total liabilities are ₹1.4B and ₹817.6M respectively. De Neers Tools's EBIT is ₹140.7M making its interest coverage ratio 6.1. It has cash and short-term investments of ₹1.9M.
Key information
88.7%
Debt to equity ratio
₹541.94m
Debt
Interest coverage ratio | 6.1x |
Cash | ₹1.88m |
Equity | ₹610.95m |
Total liabilities | ₹817.64m |
Total assets | ₹1.43b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: DENEERS's short term assets (₹1.4B) exceed its short term liabilities (₹480.6M).
Long Term Liabilities: DENEERS's short term assets (₹1.4B) exceed its long term liabilities (₹337.0M).
Debt to Equity History and Analysis
Debt Level: DENEERS's net debt to equity ratio (88.4%) is considered high.
Reducing Debt: Insufficient data to determine if DENEERS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DENEERS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DENEERS's interest payments on its debt are well covered by EBIT (6.1x coverage).