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
Does Fortis Healthcare (NSE:FORTIS) Have A Healthy Balance Sheet?
Sep 12
These 4 Measures Indicate That Fortis Healthcare (NSE:FORTIS) Is Using Debt Reasonably Well
Jun 05Fortis Healthcare (NSE:FORTIS) Seems To Use Debt Quite Sensibly
Jan 26Is Fortis Healthcare (NSE:FORTIS) Using Too Much Debt?
Jun 04Here's Why Fortis Healthcare (NSE:FORTIS) Can Manage Its Debt Responsibly
Jan 09Is Fortis Healthcare (NSE:FORTIS) Using Too Much Debt?
Mar 22Recent updates
Fortis Healthcare Limited's (NSE:FORTIS) Popularity With Investors Is Clear
Apr 03Fortis Healthcare (NSE:FORTIS) Shareholders Will Want The ROCE Trajectory To Continue
Mar 16Fortis Healthcare Limited Just Missed EPS By 19%: Here's What Analysts Think Will Happen Next
Feb 12Shareholders Should Be Pleased With Fortis Healthcare Limited's (NSE:FORTIS) Price
Dec 31Is Now The Time To Put Fortis Healthcare (NSE:FORTIS) On Your Watchlist?
Dec 16Returns Are Gaining Momentum At Fortis Healthcare (NSE:FORTIS)
Nov 30Does Fortis Healthcare (NSE:FORTIS) Have A Healthy Balance Sheet?
Sep 12Here's Why Fortis Healthcare (NSE:FORTIS) Has Caught The Eye Of Investors
Aug 25The Return Trends At Fortis Healthcare (NSE:FORTIS) Look Promising
Aug 10These 4 Measures Indicate That Fortis Healthcare (NSE:FORTIS) Is Using Debt Reasonably Well
Jun 05Fortis Healthcare (NSE:FORTIS) Seems To Use Debt Quite Sensibly
Jan 26Here's Why Fortis Healthcare (NSE:FORTIS) Has Caught The Eye Of Investors
Dec 02Fortis Healthcare Limited's (NSE:FORTIS) Shareholders Might Be Looking For Exit
Oct 19Fortis Healthcare Limited's (NSE:FORTIS) Intrinsic Value Is Potentially 20% Below Its Share Price
Sep 07Do Fortis Healthcare's (NSE:FORTIS) Earnings Warrant Your Attention?
Aug 23Is Fortis Healthcare (NSE:FORTIS) Using Too Much Debt?
Jun 04Fortis Healthcare Limited's (NSE:FORTIS) Intrinsic Value Is Potentially 26% Below Its Share Price
May 12Here's Why Fortis Healthcare (NSE:FORTIS) Can Manage Its Debt Responsibly
Jan 09Calculating The Fair Value Of Fortis Healthcare Limited (NSE:FORTIS)
Jul 23Is Fortis Healthcare (NSE:FORTIS) Using Too Much Debt?
Mar 22This Insider Has Just Sold Shares In Fortis Healthcare Limited (NSE:FORTIS)
Feb 24Here's What Fortis Healthcare Limited's (NSE:FORTIS) Shareholder Ownership Structure Looks Like
Jan 26Here's Why Fortis Healthcare (NSE:FORTIS) Can Afford Some Debt
Dec 22
Fortis Healthcare's (NSE:FORTIS) Stock Price Has Reduced 12% In The Past Five Years
Nov 24Are Fortis Healthcare Limited (NSE:FORTIS) Investors Paying Above The Intrinsic Value?
Oct 12What Type Of Shareholders Make Up Fortis Healthcare Limited's (NSE:FORTIS) Share Registry?
Sep 07Fortis Healthcare's (NSE:FORTIS) Shareholders Are Down 28% On Their Shares
Aug 03Are Fortis Healthcare's (NSE:FORTIS) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Jul 13Need To Know: Analysts Just Made A Substantial Cut To Their Fortis Healthcare Limited (NSE:FORTIS) Estimates
Jun 22Financial Position Analysis
Short Term Liabilities: FORTIS's short term assets (₹12.6B) do not cover its short term liabilities (₹29.1B).
Long Term Liabilities: FORTIS's short term assets (₹12.6B) do not cover its long term liabilities (₹13.9B).
Debt to Equity History and Analysis
Debt Level: FORTIS's net debt to equity ratio (8.1%) is considered satisfactory.
Reducing Debt: FORTIS's debt to equity ratio has reduced from 35.7% to 12.2% over the past 5 years.
Debt Coverage: FORTIS's debt is well covered by operating cash flow (98.5%).
Interest Coverage: FORTIS's interest payments on its debt are well covered by EBIT (10.9x coverage).