India Tourism Development Balance Sheet Health
Financial Health criteria checks 6/6
India Tourism Development has a total shareholder equity of ₹3.9B and total debt of ₹6.3M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are ₹10.2B and ₹6.3B respectively. India Tourism Development's EBIT is ₹798.9M making its interest coverage ratio -8.2. It has cash and short-term investments of ₹1.2B.
Key information
0.2%
Debt to equity ratio
₹6.35m
Debt
| Interest coverage ratio | -8.2x |
| Cash | ₹1.21b |
| Equity | ₹3.91b |
| Total liabilities | ₹6.29b |
| Total assets | ₹10.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532189's short term assets (₹9.2B) exceed its short term liabilities (₹6.1B).
Long Term Liabilities: 532189's short term assets (₹9.2B) exceed its long term liabilities (₹160.9M).
Debt to Equity History and Analysis
Debt Level: 532189 has more cash than its total debt.
Reducing Debt: 532189's debt to equity ratio has reduced from 0.5% to 0.2% over the past 5 years.
Debt Coverage: 532189's debt is well covered by operating cash flow (5586.8%).
Interest Coverage: 532189 earns more interest than it pays, so coverage of interest payments is not a concern.