Zeal Aqua Balance Sheet Health
Financial Health criteria checks 2/6
Zeal Aqua has a total shareholder equity of ₹822.7M and total debt of ₹2.0B, which brings its debt-to-equity ratio to 242.5%. Its total assets and total liabilities are ₹3.9B and ₹3.1B respectively. Zeal Aqua's EBIT is ₹263.8M making its interest coverage ratio 1.8. It has cash and short-term investments of ₹2.7M.
Key information
242.5%
Debt to equity ratio
₹1.99b
Debt
| Interest coverage ratio | 1.8x |
| Cash | ₹2.73m |
| Equity | ₹822.72m |
| Total liabilities | ₹3.10b |
| Total assets | ₹3.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539963's short term assets (₹3.4B) exceed its short term liabilities (₹2.7B).
Long Term Liabilities: 539963's short term assets (₹3.4B) exceed its long term liabilities (₹395.6M).
Debt to Equity History and Analysis
Debt Level: 539963's net debt to equity ratio (242.1%) is considered high.
Reducing Debt: 539963's debt to equity ratio has increased from 154% to 242.5% over the past 5 years.
Debt Coverage: 539963's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 539963's interest payments on its debt are not well covered by EBIT (1.8x coverage).