Davangere Sugar Balance Sheet Health
Financial Health criteria checks 2/6
Davangere Sugar has a total shareholder equity of ₹3.1B and total debt of ₹2.5B, which brings its debt-to-equity ratio to 78.3%. Its total assets and total liabilities are ₹6.0B and ₹2.9B respectively. Davangere Sugar's EBIT is ₹424.0M making its interest coverage ratio 1.9. It has cash and short-term investments of ₹39.8M.
Key information
78.3%
Debt to equity ratio
₹2.46b
Debt
Interest coverage ratio | 1.9x |
Cash | ₹39.75m |
Equity | ₹3.14b |
Total liabilities | ₹2.85b |
Total assets | ₹6.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543267's short term assets (₹2.5B) exceed its short term liabilities (₹1.6B).
Long Term Liabilities: 543267's short term assets (₹2.5B) exceed its long term liabilities (₹1.3B).
Debt to Equity History and Analysis
Debt Level: 543267's net debt to equity ratio (77%) is considered high.
Reducing Debt: 543267's debt to equity ratio has increased from 76.8% to 78.3% over the past 5 years.
Debt Coverage: 543267's debt is not well covered by operating cash flow (2.1%).
Interest Coverage: 543267's interest payments on its debt are not well covered by EBIT (1.9x coverage).