Ovobel Foods Balance Sheet Health
Financial Health criteria checks 6/6
Ovobel Foods has a total shareholder equity of ₹781.8M and total debt of ₹252.7M, which brings its debt-to-equity ratio to 32.3%. Its total assets and total liabilities are ₹1.1B and ₹359.0M respectively. Ovobel Foods's EBIT is ₹448.4M making its interest coverage ratio 170.5. It has cash and short-term investments of ₹518.3M.
Key information
32.3%
Debt to equity ratio
₹252.74m
Debt
Interest coverage ratio | 170.5x |
Cash | ₹518.34m |
Equity | ₹781.77m |
Total liabilities | ₹359.04m |
Total assets | ₹1.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530741's short term assets (₹953.0M) exceed its short term liabilities (₹335.3M).
Long Term Liabilities: 530741's short term assets (₹953.0M) exceed its long term liabilities (₹23.7M).
Debt to Equity History and Analysis
Debt Level: 530741 has more cash than its total debt.
Reducing Debt: 530741's debt to equity ratio has reduced from 81.5% to 32.3% over the past 5 years.
Debt Coverage: 530741's debt is well covered by operating cash flow (146.4%).
Interest Coverage: 530741's interest payments on its debt are well covered by EBIT (170.5x coverage).