Tilaknagar Industries Balance Sheet Health
Financial Health criteria checks 6/6
Tilaknagar Industries has a total shareholder equity of ₹5.7B and total debt of ₹1.9B, which brings its debt-to-equity ratio to 33.4%. Its total assets and total liabilities are ₹10.3B and ₹4.7B respectively. Tilaknagar Industries's EBIT is ₹1.7B making its interest coverage ratio 13.9. It has cash and short-term investments of ₹492.3M.
Key information
33.4%
Debt to equity ratio
₹1.90b
Debt
| Interest coverage ratio | 13.9x |
| Cash | ₹492.33m |
| Equity | ₹5.69b |
| Total liabilities | ₹4.66b |
| Total assets | ₹10.35b |
Recent financial health updates
Recent updates
Tilaknagar Industries Ltd.'s (NSE:TI) Share Price Boosted 27% But Its Business Prospects Need A Lift Too
Apr 13
Returns Are Gaining Momentum At Tilaknagar Industries (NSE:TI)
Nov 16There's Been No Shortage Of Growth Recently For Tilaknagar Industries' (NSE:TI) Returns On Capital
Jul 18Tilaknagar Industries (NSE:TI) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Jun 07Financial Position Analysis
Short Term Liabilities: TI's short term assets (₹5.7B) exceed its short term liabilities (₹2.7B).
Long Term Liabilities: TI's short term assets (₹5.7B) exceed its long term liabilities (₹1.9B).
Debt to Equity History and Analysis
Debt Level: TI's net debt to equity ratio (24.7%) is considered satisfactory.
Reducing Debt: TI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: TI's debt is well covered by operating cash flow (29.5%).
Interest Coverage: TI's interest payments on its debt are well covered by EBIT (13.9x coverage).