Vijay Solvex Balance Sheet Health
Financial Health criteria checks 5/6
Vijay Solvex has a total shareholder equity of ₹3.4B and total debt of ₹427.1M, which brings its debt-to-equity ratio to 12.7%. Its total assets and total liabilities are ₹4.2B and ₹814.3M respectively. Vijay Solvex's EBIT is ₹66.4M making its interest coverage ratio -3.7. It has cash and short-term investments of ₹463.8M.
Key information
12.7%
Debt to equity ratio
₹427.12m
Debt
| Interest coverage ratio | -3.7x |
| Cash | ₹463.82m |
| Equity | ₹3.37b |
| Total liabilities | ₹814.34m |
| Total assets | ₹4.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531069's short term assets (₹2.6B) exceed its short term liabilities (₹734.1M).
Long Term Liabilities: 531069's short term assets (₹2.6B) exceed its long term liabilities (₹80.3M).
Debt to Equity History and Analysis
Debt Level: 531069 has more cash than its total debt.
Reducing Debt: 531069's debt to equity ratio has reduced from 55.4% to 12.7% over the past 5 years.
Debt Coverage: 531069's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531069 earns more interest than it pays, so coverage of interest payments is not a concern.