Diligent Industries Balance Sheet Health
Financial Health criteria checks 2/6
Diligent Industries has a total shareholder equity of ₹168.3M and total debt of ₹502.3M, which brings its debt-to-equity ratio to 298.4%. Its total assets and total liabilities are ₹782.6M and ₹614.3M respectively. Diligent Industries's EBIT is ₹51.6M making its interest coverage ratio 2.1. It has cash and short-term investments of ₹578.0K.
Key information
298.4%
Debt to equity ratio
₹502.32m
Debt
Interest coverage ratio | 2.1x |
Cash | ₹578.00k |
Equity | ₹168.34m |
Total liabilities | ₹614.30m |
Total assets | ₹782.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531153's short term assets (₹617.3M) exceed its short term liabilities (₹286.6M).
Long Term Liabilities: 531153's short term assets (₹617.3M) exceed its long term liabilities (₹327.8M).
Debt to Equity History and Analysis
Debt Level: 531153's net debt to equity ratio (298%) is considered high.
Reducing Debt: 531153's debt to equity ratio has increased from 226.7% to 298.4% over the past 5 years.
Debt Coverage: 531153's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531153's interest payments on its debt are not well covered by EBIT (2.1x coverage).