CARE Ratings Balance Sheet Health

Financial Health criteria checks 5/6

CARE Ratings has a total shareholder equity of ₹6.9B and total debt of ₹207.8M, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are ₹8.1B and ₹1.2B respectively. CARE Ratings's EBIT is ₹1.0B making its interest coverage ratio -3. It has cash and short-term investments of ₹5.6B.

Key information

3.0%

Debt to equity ratio

₹207.77m

Debt

Interest coverage ratio	-3x
Cash	₹5.60b
Equity	₹6.92b
Total liabilities	₹1.22b
Total assets	₹8.14b

Recent financial health updates

No updates

Recent updates

CARE Ratings Limited's (NSE:CARERATING) Business Is Yet to Catch Up With Its Share Price

Feb 02

CARE Ratings Limited (NSE:CARERATING) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Feb 01

CARE Ratings (NSE:CARERATING) Has Announced That It Will Be Increasing Its Dividend To ₹6.00

Aug 21

CARE Ratings (NSE:CARERATING) Is Increasing Its Dividend To ₹6.00

Aug 06

Read This Before Buying CARE Ratings Limited (NSE:CARERATING) For Its Dividend

Apr 01

How Much Did CARE Ratings'(NSE:CARERATING) Shareholders Earn From Share Price Movements Over The Last Three Years?

Mar 05

What Kind Of Shareholders Hold The Majority In CARE Ratings Limited's (NSE:CARERATING) Shares?

Feb 05

Tread With Caution Around CARE Ratings Limited's (NSE:CARERATING) 3.7% Dividend Yield

Jan 01

If You Had Bought CARE Ratings' (NSE:CARERATING) Shares Three Years Ago You Would Be Down 63%

Nov 27

Financial Position Analysis

Short Term Liabilities: CARERATING's short term assets (₹6.4B) exceed its short term liabilities (₹858.9M).

Long Term Liabilities: CARERATING's short term assets (₹6.4B) exceed its long term liabilities (₹363.6M).

Debt to Equity History and Analysis

Debt Level: CARERATING has more cash than its total debt.

Reducing Debt: CARERATING's debt to equity ratio has increased from 0% to 3% over the past 5 years.

Debt Coverage: CARERATING's debt is well covered by operating cash flow (418.3%).

Interest Coverage: CARERATING earns more interest than it pays, so coverage of interest payments is not a concern.

CARE Ratings Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Recent updates

CARE Ratings Limited to Report Q4, 2024 Results on May 09, 2024

Price target increased by 24% to ₹938

New major risk - Revenue and earnings growth

CARE Ratings Limited's (NSE:CARERATING) Business Is Yet to Catch Up With Its Share Price

Third quarter 2024 earnings released: EPS: ₹7.88 (vs ₹5.38 in 3Q 2023)

CARE Ratings Limited to Report Q3, 2024 Results on Jan 24, 2024

Upcoming dividend of ₹7.00 per share at 2.0% yield

Second quarter 2024 earnings released: EPS: ₹11.83 (vs ₹11.57 in 2Q 2023)

CARE Ratings Limited Approves Interim Dividend for the Financial Year 2023-24

CARE Ratings Limited to Report Q2, 2024 Results on Oct 31, 2023

Investor sentiment improves as stock rises 17%

Care Ratings Limited Announces Change in Composition of Strategy and Investment Committee

First quarter 2024 earnings released: EPS: ₹6.00 (vs ₹4.61 in 1Q 2023)

CARE Ratings Limited Announces Executive Changes

CARE Ratings Limited Approves Special Dividend for the Financial Year 2022-23

CARE Ratings Limited Announces Changes in Roles of Senior Management Personnel

Care Ratings Limited Proposes special Dividend for the Financial Year 2022-23

Upcoming dividend of ₹15.00 per share at 2.4% yield

Full year 2023 earnings released: EPS: ₹28.17 (vs ₹25.45 in FY 2022)

CARE Ratings Limited, Annual General Meeting, Jul 28, 2023

Price target increased by 15% to ₹711

CARE Ratings Limited Announces The Hon'ble Madras High Court Passes Orders on February 1, 2023, in Batch of Interim Applications Filed by 63 Moons Technologies Ltd

Upcoming dividend of ₹10.00 per share at 2.8% yield

Third quarter 2023 earnings released: EPS: ₹5.38 (vs ₹4.93 in 3Q 2022)

CARE Ratings Limited Announces Board Changes

CARE Ratings Limited to Report Q3, 2023 Results on Jan 28, 2023

CARE Ratings Limited Announces Resignation of Shubhangi Soman as Non-Executive Non-Independent Director

CARE Ratings Limited Approves Appointment of Gurumoorthy Mahalingam as Additional Director, Effective November 21, 2022

Price target decreased to ₹511

Second quarter 2023 earnings released: EPS: ₹11.57 (vs ₹9.03 in 2Q 2022)

CARE Ratings Limited to Report Q2, 2023 Results on Nov 08, 2022

CARE Ratings Limited Announces Reconstitution of Rating Sub-Committee

Care Ratings Limited Confirms Interim and Final Dividend for the Financial Year 2021-22

Care Ratings Limited Announces Resignation of Ananth Narayan Gopalakrishnan as Non-Executive Independent Director of the Company

Upcoming dividend of ₹10.00 per share

Care Ratings Limited Announces Resignation of Ananth Narayan Gopalakrishnan as Non-Executive Independent Director of the Company

High number of new directors

First quarter 2023 earnings released: EPS: ₹4.61 (vs ₹3.75 in 1Q 2022)

CARE Ratings Limited, Annual General Meeting, Sep 26, 2022

CARE Ratings Limited to Report Q1, 2023 Results on Jul 29, 2022

CARE Ratings Limited (NSEI:CARERATING) announces an Equity Buyback for 2,368,000 shares, representing 7.99% for INR 1,219.52 million.

High number of new directors

Price target decreased to ₹621

Care Ratings Limited Recommends Final Dividend for the Financial Year 2021 22

Full year 2022 earnings: EPS and revenues miss analyst expectations

CARE Ratings Limited to Report Q4, 2022 Results on May 28, 2022

Investor sentiment deteriorated over the past week

Care Ratings Limited Announces Resignation of Ajay Mahajan as the Managing Director

High number of new directors

Price target decreased to ₹707

Consensus EPS estimates fall by 11%

CARE Ratings Limited (NSE:CARERATING) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Price target decreased to ₹734

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

CARE Ratings Limited Appoints Shubhangi Soman as an Additional Director

High number of new directors

Upcoming dividend of ₹6.00 per share

CARE Ratings (NSE:CARERATING) Has Announced That It Will Be Increasing Its Dividend To ₹6.00

CARE Ratings (NSE:CARERATING) Is Increasing Its Dividend To ₹6.00

First quarter 2022 earnings released: EPS ₹3.75 (vs ₹3.17 in 1Q 2021)

Consensus EPS estimates increase to ₹32.20

Investor sentiment improved over the past week

Interim Compliance Officer Haresh Swaminathan has left the company

Full year 2021 earnings released: EPS ₹30.38 (vs ₹27.96 in FY 2020)

Read This Before Buying CARE Ratings Limited (NSE:CARERATING) For Its Dividend

How Much Did CARE Ratings'(NSE:CARERATING) Shareholders Earn From Share Price Movements Over The Last Three Years?

Care Ratings Limited Announces Executive Changes

New 90-day low: ₹465

Price target raised to ₹628

Third quarter 2021 earnings released: EPS ₹6.32 (vs ₹5.91 in 3Q 2020)

What Kind Of Shareholders Hold The Majority In CARE Ratings Limited's (NSE:CARERATING) Shares?

Tread With Caution Around CARE Ratings Limited's (NSE:CARERATING) 3.7% Dividend Yield

Market bids up stock over the past week

If You Had Bought CARE Ratings' (NSE:CARERATING) Shares Three Years Ago You Would Be Down 63%

Market bids up stock over the past week