Vedant Asset Balance Sheet Health
Financial Health criteria checks 5/6
Vedant Asset has a total shareholder equity of ₹53.0M and total debt of ₹200.0K, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are ₹55.6M and ₹2.5M respectively. Vedant Asset's EBIT is ₹3.3M making its interest coverage ratio 818.3. It has cash and short-term investments of ₹35.4M.
Key information
0.4%
Debt to equity ratio
₹200.00k
Debt
Interest coverage ratio | 818.3x |
Cash | ₹35.45m |
Equity | ₹53.02m |
Total liabilities | ₹2.53m |
Total assets | ₹55.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543623's short term assets (₹46.7M) exceed its short term liabilities (₹2.3M).
Long Term Liabilities: 543623's short term assets (₹46.7M) exceed its long term liabilities (₹273.0K).
Debt to Equity History and Analysis
Debt Level: 543623 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 543623's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 543623's debt is well covered by operating cash flow (3568%).
Interest Coverage: 543623's interest payments on its debt are well covered by EBIT (818.3x coverage).