Indian Renewable Energy Development Agency Balance Sheet Health
Financial Health criteria checks 3/6
Indian Renewable Energy Development Agency has a total shareholder equity of ₹93.4B and total debt of ₹547.3B, which brings its debt-to-equity ratio to 586.2%. Its total assets and total liabilities are ₹687.5B and ₹594.1B respectively.
Key information
586.2%
Debt to equity ratio
₹547.27b
Debt
| Interest coverage ratio | n/a |
| Cash | ₹17.92b |
| Equity | ₹93.36b |
| Total liabilities | ₹594.12b |
| Total assets | ₹687.48b |
Recent financial health updates
No updates
Recent updates
What Indian Renewable Energy Development Agency Limited's (NSE:IREDA) 32% Share Price Gain Is Not Telling You
Jul 05
Earnings Not Telling The Story For Indian Renewable Energy Development Agency Limited (NSE:IREDA) After Shares Rise 26%
Apr 19Unpleasant Surprises Could Be In Store For Indian Renewable Energy Development Agency Limited's (NSE:IREDA) Shares
Mar 01Financial Position Analysis
Short Term Liabilities: IREDA's short term assets (₹657.0B) exceed its short term liabilities (₹893.2M).
Long Term Liabilities: IREDA's short term assets (₹657.0B) exceed its long term liabilities (₹593.2B).
Debt to Equity History and Analysis
Debt Level: IREDA's net debt to equity ratio (567%) is considered high.
Reducing Debt: IREDA's debt to equity ratio has reduced from 869.1% to 586.2% over the past 5 years.
Debt Coverage: IREDA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if IREDA's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 17:57 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Indian Renewable Energy Development Agency Limited is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Vishal Narnolia | ICICIdirect.com |
| Manish Agarwalla | PhillipCapital (India) |