Vijay Solvex Balance Sheet Health
Financial Health criteria checks 5/6
Vijay Solvex has a total shareholder equity of ₹3.2B and total debt of ₹92.2M, which brings its debt-to-equity ratio to 2.9%. Its total assets and total liabilities are ₹3.7B and ₹523.2M respectively. Vijay Solvex's EBIT is ₹15.0M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹975.0M.
Key information
2.9%
Debt to equity ratio
₹92.22m
Debt
| Interest coverage ratio | 1.5x |
| Cash | ₹975.01m |
| Equity | ₹3.23b |
| Total liabilities | ₹523.19m |
| Total assets | ₹3.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531069's short term assets (₹2.2B) exceed its short term liabilities (₹425.8M).
Long Term Liabilities: 531069's short term assets (₹2.2B) exceed its long term liabilities (₹97.3M).
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 57.5% to 2.9% over the past 5 years.
Debt Coverage: 531069's debt is well covered by operating cash flow (333.8%).
Interest Coverage: 531069's interest payments on its debt are not well covered by EBIT (1.5x coverage).