Divyadhan Recycling Industries Balance Sheet Health
Financial Health criteria checks 5/6
Divyadhan Recycling Industries has a total shareholder equity of ₹129.1M and total debt of ₹60.7M, which brings its debt-to-equity ratio to 47%. Its total assets and total liabilities are ₹241.2M and ₹112.1M respectively. Divyadhan Recycling Industries's EBIT is ₹39.3M making its interest coverage ratio 6.1. It has cash and short-term investments of ₹21.4M.
Key information
47.0%
Debt to equity ratio
₹60.66m
Debt
| Interest coverage ratio | 6.1x |
| Cash | ₹21.39m |
| Equity | ₹129.10m |
| Total liabilities | ₹112.11m |
| Total assets | ₹241.21m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DIVYADHAN's short term assets (₹118.2M) exceed its short term liabilities (₹103.5M).
Long Term Liabilities: DIVYADHAN's short term assets (₹118.2M) exceed its long term liabilities (₹8.6M).
Debt to Equity History and Analysis
Debt Level: DIVYADHAN's net debt to equity ratio (30.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if DIVYADHAN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DIVYADHAN's debt is well covered by operating cash flow (36.4%).
Interest Coverage: DIVYADHAN's interest payments on its debt are well covered by EBIT (6.1x coverage).