Vera Synthetic Balance Sheet Health
Financial Health criteria checks 6/6
Vera Synthetic has a total shareholder equity of ₹188.8M and total debt of ₹22.7M, which brings its debt-to-equity ratio to 12%. Its total assets and total liabilities are ₹265.3M and ₹76.4M respectively. Vera Synthetic's EBIT is ₹9.1M making its interest coverage ratio 7.7. It has cash and short-term investments of ₹840.4K.
Key information
12.0%
Debt to equity ratio
₹22.72m
Debt
Interest coverage ratio | 7.7x |
Cash | ₹840.36k |
Equity | ₹188.84m |
Total liabilities | ₹76.45m |
Total assets | ₹265.28m |
Recent financial health updates
No updates
Recent updates
Is Weakness In Vera Synthetic Limited (NSE:VERA) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
Mar 17Calculating The Intrinsic Value Of Vera Synthetic Limited (NSE:VERA)
Jan 21Is Weakness In Vera Synthetic Limited (NSE:VERA) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
Nov 20Financial Position Analysis
Short Term Liabilities: VERA's short term assets (₹157.8M) exceed its short term liabilities (₹67.9M).
Long Term Liabilities: VERA's short term assets (₹157.8M) exceed its long term liabilities (₹8.5M).
Debt to Equity History and Analysis
Debt Level: VERA's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: VERA's debt to equity ratio has reduced from 30.3% to 12% over the past 5 years.
Debt Coverage: VERA's debt is well covered by operating cash flow (90.9%).
Interest Coverage: VERA's interest payments on its debt are well covered by EBIT (7.7x coverage).