Thyrocare Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Thyrocare Technologies has a total shareholder equity of ₹4.9B and total debt of ₹470.2M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are ₹5.9B and ₹1.1B respectively. Thyrocare Technologies's EBIT is ₹836.1M making its interest coverage ratio 35.3. It has cash and short-term investments of ₹993.4M.
Key information
9.6%
Debt to equity ratio
₹470.20m
Debt
Interest coverage ratio | 35.3x |
Cash | ₹993.40m |
Equity | ₹4.88b |
Total liabilities | ₹1.05b |
Total assets | ₹5.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539871's short term assets (₹2.1B) exceed its short term liabilities (₹686.3M).
Long Term Liabilities: 539871's short term assets (₹2.1B) exceed its long term liabilities (₹364.2M).
Debt to Equity History and Analysis
Debt Level: 539871 has more cash than its total debt.
Reducing Debt: 539871's debt to equity ratio has increased from 2.2% to 9.6% over the past 5 years.
Debt Coverage: 539871's debt is well covered by operating cash flow (301.6%).
Interest Coverage: 539871's interest payments on its debt are well covered by EBIT (35.3x coverage).