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 ₹8.9B and total debt of ₹3.1B, which brings its debt-to-equity ratio to 34.9%. Its total assets and total liabilities are ₹14.4B and ₹5.5B respectively. Kovai Medical Center and Hospital's EBIT is ₹2.7B making its interest coverage ratio 20.8. It has cash and short-term investments of ₹2.1B.
Key information
34.9%
Debt to equity ratio
₹3.10b
Debt
| Interest coverage ratio | 20.8x |
| Cash | ₹2.08b |
| Equity | ₹8.89b |
| Total liabilities | ₹5.50b |
| Total assets | ₹14.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523323's short term assets (₹2.5B) exceed its short term liabilities (₹2.0B).
Long Term Liabilities: 523323's short term assets (₹2.5B) do not cover its long term liabilities (₹3.5B).
Debt to Equity History and Analysis
Debt Level: 523323's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: 523323's debt to equity ratio has reduced from 110% to 34.9% over the past 5 years.
Debt Coverage: 523323's debt is well covered by operating cash flow (110.9%).
Interest Coverage: 523323's interest payments on its debt are well covered by EBIT (20.8x coverage).