Britannia Industries Balance Sheet Health
Financial Health criteria checks 3/6
Britannia Industries has a total shareholder equity of ₹28.7B and total debt of ₹27.8B, which brings its debt-to-equity ratio to 96.7%. Its total assets and total liabilities are ₹87.5B and ₹58.8B respectively. Britannia Industries's EBIT is ₹29.0B making its interest coverage ratio 492.8. It has cash and short-term investments of ₹8.5B.
Key information
96.7%
Debt to equity ratio
₹27.78b
Debt
Interest coverage ratio | 492.8x |
Cash | ₹8.47b |
Equity | ₹28.74b |
Total liabilities | ₹58.75b |
Total assets | ₹87.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500825's short term assets (₹43.0B) do not cover its short term liabilities (₹49.7B).
Long Term Liabilities: 500825's short term assets (₹43.0B) exceed its long term liabilities (₹9.0B).
Debt to Equity History and Analysis
Debt Level: 500825's net debt to equity ratio (67.2%) is considered high.
Reducing Debt: 500825's debt to equity ratio has increased from 4.3% to 96.7% over the past 5 years.
Debt Coverage: 500825's debt is well covered by operating cash flow (99.4%).
Interest Coverage: 500825's interest payments on its debt are well covered by EBIT (492.8x coverage).