Fortis Healthcare Balance Sheet Health
Financial Health criteria checks 4/6
Fortis Healthcare has a total shareholder equity of ₹84.8B and total debt of ₹10.3B, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are ₹127.9B and ₹43.1B respectively. Fortis Healthcare's EBIT is ₹8.2B making its interest coverage ratio 10.9. It has cash and short-term investments of ₹3.4B.
Key information
12.2%
Debt to equity ratio
₹10.33b
Debt
Interest coverage ratio | 10.9x |
Cash | ₹3.42b |
Equity | ₹84.80b |
Total liabilities | ₹43.05b |
Total assets | ₹127.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532843's short term assets (₹12.6B) do not cover its short term liabilities (₹29.1B).
Long Term Liabilities: 532843's short term assets (₹12.6B) do not cover its long term liabilities (₹13.9B).
Debt to Equity History and Analysis
Debt Level: 532843's net debt to equity ratio (8.1%) is considered satisfactory.
Reducing Debt: 532843's debt to equity ratio has reduced from 35.7% to 12.2% over the past 5 years.
Debt Coverage: 532843's debt is well covered by operating cash flow (98.5%).
Interest Coverage: 532843's interest payments on its debt are well covered by EBIT (10.9x coverage).