V.I.P. Industries Balance Sheet Health
Financial Health criteria checks 2/6
V.I.P. Industries has a total shareholder equity of ₹6.8B and total debt of ₹5.3B, which brings its debt-to-equity ratio to 78.6%. Its total assets and total liabilities are ₹20.7B and ₹13.9B respectively. V.I.P. Industries's EBIT is ₹940.7M making its interest coverage ratio 1.7. It has cash and short-term investments of ₹474.0M.
Key information
78.6%
Debt to equity ratio
₹5.33b
Debt
| Interest coverage ratio | 1.7x |
| Cash | ₹474.00m |
| Equity | ₹6.78b |
| Total liabilities | ₹13.89b |
| Total assets | ₹20.67b |
Recent financial health updates
Is V.I.P. Industries (NSE:VIPIND) A Risky Investment?
Mar 12
V.I.P. Industries (NSE:VIPIND) Has A Pretty Healthy Balance Sheet
Sep 23V.I.P. Industries (NSE:VIPIND) Seems To Use Debt Quite Sensibly
Jun 20V.I.P. Industries (NSE:VIPIND) Seems To Use Debt Quite Sensibly
Sep 13Does VIP Industries (NSE:VIPIND) Have A Healthy Balance Sheet?
Jun 10Is VIP Industries (NSE:VIPIND) A Risky Investment?
Jan 17Recent updates
V.I.P. Industries' (NSE:VIPIND) Shareholders Have More To Worry About Than Lackluster Earnings
May 21Subdued Growth No Barrier To V.I.P. Industries Limited's (NSE:VIPIND) Price
Apr 26Is V.I.P. Industries (NSE:VIPIND) A Risky Investment?
Mar 12V.I.P. Industries (NSE:VIPIND) Has Announced A Dividend Of ₹2.00
Feb 02V.I.P. Industries (NSE:VIPIND) Has A Pretty Healthy Balance Sheet
Sep 23V.I.P. Industries (NSE:VIPIND) Will Be Hoping To Turn Its Returns On Capital Around
Aug 30V.I.P. Industries (NSE:VIPIND) Seems To Use Debt Quite Sensibly
Jun 20V.I.P. Industries (NSE:VIPIND) May Have Issues Allocating Its Capital
Mar 03Should You Be Adding V.I.P. Industries (NSE:VIPIND) To Your Watchlist Today?
Dec 13V.I.P. Industries (NSE:VIPIND) Seems To Use Debt Quite Sensibly
Sep 13Does VIP Industries (NSE:VIPIND) Have A Healthy Balance Sheet?
Jun 10Capital Allocation Trends At VIP Industries (NSE:VIPIND) Aren't Ideal
May 20Some Investors May Be Worried About VIP Industries' (NSE:VIPIND) Returns On Capital
Feb 07Is VIP Industries (NSE:VIPIND) A Risky Investment?
Jan 17VIP Industries' (NSE:VIPIND) Earnings Are Weaker Than They Seem
Nov 05Is VIP Industries (NSE:VIPIND) A Risky Investment?
Aug 12What Type Of Shareholders Make Up VIP Industries Limited's (NSE:VIPIND) Share Registry?
Feb 22Did You Participate In Any Of VIP Industries' (NSE:VIPIND) Fantastic 287% Return ?
Jan 19VIP Industries (NSE:VIPIND) Has Debt But No Earnings; Should You Worry?
Dec 15Financial Position Analysis
Short Term Liabilities: VIPIND's short term assets (₹14.3B) exceed its short term liabilities (₹10.9B).
Long Term Liabilities: VIPIND's short term assets (₹14.3B) exceed its long term liabilities (₹3.0B).
Debt to Equity History and Analysis
Debt Level: VIPIND's net debt to equity ratio (71.6%) is considered high.
Reducing Debt: VIPIND's debt to equity ratio has increased from 14.8% to 78.6% over the past 5 years.
Debt Coverage: VIPIND's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: VIPIND's interest payments on its debt are not well covered by EBIT (1.7x coverage).