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 ₹85.6B and total debt of ₹517.0B, which brings its debt-to-equity ratio to 604%. Its total assets and total liabilities are ₹626.0B and ₹540.4B respectively.
Key information
604.0%
Debt to equity ratio
₹517.02b
Debt
| Interest coverage ratio | n/a |
| Cash | ₹12.20b |
| Equity | ₹85.59b |
| Total liabilities | ₹540.41b |
| Total assets | ₹626.00b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: IREDA's short term assets (₹601.6B) exceed its short term liabilities (₹2.2B).
Long Term Liabilities: IREDA's short term assets (₹601.6B) exceed its long term liabilities (₹538.3B).
Debt to Equity History and Analysis
Debt Level: IREDA's net debt to equity ratio (589.8%) is considered high.
Reducing Debt: IREDA's debt to equity ratio has reduced from 802.3% to 604% 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.