Indian Oil Balance Sheet Health
Financial Health criteria checks 4/6
Indian Oil has a total shareholder equity of ₹1,881.6B and total debt of ₹1,234.5B, which brings its debt-to-equity ratio to 65.6%. Its total assets and total liabilities are ₹4,823.6B and ₹2,942.0B respectively. Indian Oil's EBIT is ₹597.3B making its interest coverage ratio 7.6. It has cash and short-term investments of ₹135.4B.
Key information
65.6%
Debt to equity ratio
₹1.23t
Debt
Interest coverage ratio | 7.6x |
Cash | ₹135.39b |
Equity | ₹1.88t |
Total liabilities | ₹2.94t |
Total assets | ₹4.82t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530965's short term assets (₹1,584.5B) do not cover its short term liabilities (₹2,164.0B).
Long Term Liabilities: 530965's short term assets (₹1,584.5B) exceed its long term liabilities (₹778.0B).
Debt to Equity History and Analysis
Debt Level: 530965's net debt to equity ratio (58.4%) is considered high.
Reducing Debt: 530965's debt to equity ratio has reduced from 81.6% to 65.6% over the past 5 years.
Debt Coverage: 530965's debt is well covered by operating cash flow (57.6%).
Interest Coverage: 530965's interest payments on its debt are well covered by EBIT (7.6x coverage).