Britannia Industries Balance Sheet Health
Financial Health criteria checks 4/6
Britannia Industries has a total shareholder equity of ₹32.4B and total debt of ₹27.3B, which brings its debt-to-equity ratio to 84.4%. Its total assets and total liabilities are ₹94.7B and ₹62.3B respectively. Britannia Industries's EBIT is ₹28.4B making its interest coverage ratio -47.7. It has cash and short-term investments of ₹16.2B.
Key information
84.4%
Debt to equity ratio
₹27.31b
Debt
| Interest coverage ratio | -47.7x |
| Cash | ₹16.25b |
| Equity | ₹32.36b |
| Total liabilities | ₹62.30b |
| Total assets | ₹94.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500825's short term assets (₹52.5B) do not cover its short term liabilities (₹52.9B).
Long Term Liabilities: 500825's short term assets (₹52.5B) exceed its long term liabilities (₹9.4B).
Debt to Equity History and Analysis
Debt Level: 500825's net debt to equity ratio (34.2%) is considered satisfactory.
Reducing Debt: 500825's debt to equity ratio has increased from 37.1% to 84.4% over the past 5 years.
Debt Coverage: 500825's debt is well covered by operating cash flow (78.8%).
Interest Coverage: 500825 earns more interest than it pays, so coverage of interest payments is not a concern.