HB Leasing and Finance Balance Sheet Health
Financial Health criteria checks 5/6
HB Leasing and Finance has a total shareholder equity of ₹25.2M and total debt of ₹600.0K, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are ₹31.8M and ₹6.6M respectively. HB Leasing and Finance's EBIT is ₹2.5M making its interest coverage ratio -188.7. It has cash and short-term investments of ₹798.0K.
Key information
2.4%
Debt to equity ratio
₹600.00k
Debt
Interest coverage ratio | -188.7x |
Cash | ₹798.00k |
Equity | ₹25.20m |
Total liabilities | ₹6.59m |
Total assets | ₹31.78m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 508956's short term assets (₹13.0M) exceed its short term liabilities (₹1.5M).
Long Term Liabilities: 508956's short term assets (₹13.0M) exceed its long term liabilities (₹5.1M).
Debt to Equity History and Analysis
Debt Level: 508956 has more cash than its total debt.
Reducing Debt: 508956's debt to equity ratio has increased from 0% to 2.4% over the past 5 years.
Debt Coverage: 508956's debt is well covered by operating cash flow (34.2%).
Interest Coverage: 508956 earns more interest than it pays, so coverage of interest payments is not a concern.