Davangere Sugar Balance Sheet Health
Financial Health criteria checks 2/6
Davangere Sugar has a total shareholder equity of ₹3.4B and total debt of ₹2.6B, which brings its debt-to-equity ratio to 77.7%. Its total assets and total liabilities are ₹6.8B and ₹3.4B respectively. Davangere Sugar's EBIT is ₹354.9M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹34.2M.
Key information
77.7%
Debt to equity ratio
₹2.64b
Debt
| Interest coverage ratio | 1.5x |
| Cash | ₹34.22m |
| Equity | ₹3.40b |
| Total liabilities | ₹3.42b |
| Total assets | ₹6.82b |
Recent financial health updates
Recent updates
Davangere Sugar Company Limited (NSE:DAVANGERE) Not Lagging Market On Growth Or Pricing
Nov 02
Davangere Sugar (NSE:DAVANGERE) Seems To Be Using A Lot Of Debt
Sep 04What You Can Learn From Davangere Sugar Company Limited's (NSE:DAVANGERE) P/E
Jul 05Why We're Not Concerned Yet About Davangere Sugar Company Limited's (NSE:DAVANGERE) 26% Share Price Plunge
Mar 31Financial Position Analysis
Short Term Liabilities: DAVANGERE's short term assets (₹3.0B) exceed its short term liabilities (₹2.2B).
Long Term Liabilities: DAVANGERE's short term assets (₹3.0B) exceed its long term liabilities (₹1.2B).
Debt to Equity History and Analysis
Debt Level: DAVANGERE's net debt to equity ratio (76.7%) is considered high.
Reducing Debt: DAVANGERE's debt to equity ratio has increased from 68.3% to 77.7% over the past 5 years.
Debt Coverage: DAVANGERE's debt is not well covered by operating cash flow (0.9%).
Interest Coverage: DAVANGERE's interest payments on its debt are not well covered by EBIT (1.5x coverage).