Times Green Energy (India) Balance Sheet Health
Financial Health criteria checks 4/6
Times Green Energy (India) has a total shareholder equity of ₹344.2M and total debt of ₹20.0M, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are ₹405.3M and ₹61.1M respectively. Times Green Energy (India)'s EBIT is ₹7.4M making its interest coverage ratio 2.8. It has cash and short-term investments of ₹937.0K.
Key information
5.8%
Debt to equity ratio
₹20.00m
Debt
| Interest coverage ratio | 2.8x |
| Cash | ₹937.00k |
| Equity | ₹344.18m |
| Total liabilities | ₹61.14m |
| Total assets | ₹405.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543310's short term assets (₹93.6M) exceed its short term liabilities (₹31.0M).
Long Term Liabilities: 543310's short term assets (₹93.6M) exceed its long term liabilities (₹30.1M).
Debt to Equity History and Analysis
Debt Level: 543310's net debt to equity ratio (5.5%) is considered satisfactory.
Reducing Debt: 543310's debt to equity ratio has reduced from 10.3% to 5.8% over the past 5 years.
Debt Coverage: 543310's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 543310's interest payments on its debt are not well covered by EBIT (2.8x coverage).