Kovai Medical Center and Hospital Balance Sheet Health
Financial Health criteria checks 5/6
Kovai Medical Center and Hospital has a total shareholder equity of ₹9.7B and total debt of ₹3.9B, which brings its debt-to-equity ratio to 39.6%. Its total assets and total liabilities are ₹16.5B and ₹6.7B respectively. Kovai Medical Center and Hospital's EBIT is ₹2.7B making its interest coverage ratio 21.5. It has cash and short-term investments of ₹2.5B.
Key information
39.6%
Debt to equity ratio
₹3.85b
Debt
| Interest coverage ratio | 21.5x |
| Cash | ₹2.54b |
| Equity | ₹9.74b |
| Total liabilities | ₹6.71b |
| Total assets | ₹16.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523323's short term assets (₹3.1B) exceed its short term liabilities (₹2.9B).
Long Term Liabilities: 523323's short term assets (₹3.1B) do not cover its long term liabilities (₹3.8B).
Debt to Equity History and Analysis
Debt Level: 523323's net debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: 523323's debt to equity ratio has reduced from 91.1% to 39.6% over the past 5 years.
Debt Coverage: 523323's debt is well covered by operating cash flow (90.7%).
Interest Coverage: 523323's interest payments on its debt are well covered by EBIT (21.5x coverage).