Thyrocare Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Thyrocare Technologies has a total shareholder equity of ₹4.9B and total debt of ₹1.2M, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are ₹6.0B and ₹1.1B respectively. Thyrocare Technologies's EBIT is ₹1.1B making its interest coverage ratio 86.7. It has cash and short-term investments of ₹1.4B.
Key information
0.02%
Debt to equity ratio
₹1.20m
Debt
| Interest coverage ratio | 86.7x |
| Cash | ₹1.38b |
| Equity | ₹4.89b |
| Total liabilities | ₹1.08b |
| Total assets | ₹5.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539871's short term assets (₹2.4B) exceed its short term liabilities (₹948.4M).
Long Term Liabilities: 539871's short term assets (₹2.4B) exceed its long term liabilities (₹135.7M).
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 reduced from 0.7% to 0.02% over the past 5 years.
Debt Coverage: 539871's debt is well covered by operating cash flow (156050%).
Interest Coverage: 539871's interest payments on its debt are well covered by EBIT (86.7x coverage).