Visagar Financial Services Balance Sheet Health
Financial Health criteria checks 4/6
Visagar Financial Services has a total shareholder equity of ₹657.4M and total debt of ₹183.8M, which brings its debt-to-equity ratio to 28%. Its total assets and total liabilities are ₹864.9M and ₹207.4M respectively. Visagar Financial Services's EBIT is ₹75.1M making its interest coverage ratio 19.2. It has cash and short-term investments of ₹944.0K.
Key information
28.0%
Debt to equity ratio
₹183.76m
Debt
Interest coverage ratio | 19.2x |
Cash | ₹944.00k |
Equity | ₹657.45m |
Total liabilities | ₹207.44m |
Total assets | ₹864.89m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531025's short term assets (₹161.3M) exceed its short term liabilities (₹23.7M).
Long Term Liabilities: 531025's short term assets (₹161.3M) do not cover its long term liabilities (₹183.8M).
Debt to Equity History and Analysis
Debt Level: 531025's net debt to equity ratio (27.8%) is considered satisfactory.
Reducing Debt: 531025's debt to equity ratio has reduced from 37.3% to 28% over the past 5 years.
Debt Coverage: 531025's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531025's interest payments on its debt are well covered by EBIT (19.2x coverage).