Fortis Healthcare Balance Sheet Health
Financial Health criteria checks 5/6
Fortis Healthcare has a total shareholder equity of ₹87.3B and total debt of ₹8.8B, which brings its debt-to-equity ratio to 10.1%. Its total assets and total liabilities are ₹136.0B and ₹48.7B respectively. Fortis Healthcare's EBIT is ₹10.7B making its interest coverage ratio 14.8. It has cash and short-term investments of ₹6.0B.
Key information
10.1%
Debt to equity ratio
₹8.77b
Debt
| Interest coverage ratio | 14.8x |
| Cash | ₹6.01b |
| Equity | ₹87.30b |
| Total liabilities | ₹48.67b |
| Total assets | ₹135.97b |
Recent financial health updates
Fortis Healthcare (NSE:FORTIS) Has A Rock Solid Balance Sheet
Dec 13
Does Fortis Healthcare (NSE:FORTIS) Have A Healthy Balance Sheet?
Jun 18Recent updates
Fortis Healthcare (NSE:FORTIS) Has A Rock Solid Balance Sheet
Dec 13Does Fortis Healthcare (NSE:FORTIS) Deserve A Spot On Your Watchlist?
Nov 27Earnings Update: Here's Why Analysts Just Lifted Their Fortis Healthcare Limited (NSE:FORTIS) Price Target To ₹685
Nov 12Returns Are Gaining Momentum At Fortis Healthcare (NSE:FORTIS)
Oct 04The Price Is Right For Fortis Healthcare Limited (NSE:FORTIS)
Aug 27Fortis Healthcare Limited (NSE:FORTIS) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Aug 09Fortis Healthcare's (NSE:FORTIS) Dividend Will Be ₹1.00
Jul 19Fortis Healthcare (NSE:FORTIS) Has Announced A Dividend Of ₹1.00
Jul 05Does Fortis Healthcare (NSE:FORTIS) Have A Healthy Balance Sheet?
Jun 18Should You Be Adding Fortis Healthcare (NSE:FORTIS) To Your Watchlist Today?
Apr 25Fortis 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 31Financial Position Analysis
Short Term Liabilities: FORTIS's short term assets (₹15.9B) do not cover its short term liabilities (₹33.8B).
Long Term Liabilities: FORTIS's short term assets (₹15.9B) exceed its long term liabilities (₹14.8B).
Debt to Equity History and Analysis
Debt Level: FORTIS's net debt to equity ratio (3.2%) is considered satisfactory.
Reducing Debt: FORTIS's debt to equity ratio has reduced from 19.3% to 10.1% over the past 5 years.
Debt Coverage: FORTIS's debt is well covered by operating cash flow (131.8%).
Interest Coverage: FORTIS's interest payments on its debt are well covered by EBIT (14.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 02:57 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Fortis Healthcare Limited is covered by 38 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Prashant Nair | Ambit Capital |
| Nitin Bhasin | Ambit Capital |
| null null | Anand Rathi Shares and Stock Brokers Limited |