Fortis Healthcare Balance Sheet Health
Financial Health criteria checks 3/6
Fortis Healthcare has a total shareholder equity of ₹91.7B and total debt of ₹22.0B, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are ₹136.9B and ₹45.2B respectively. Fortis Healthcare's EBIT is ₹12.7B making its interest coverage ratio 6.9. It has cash and short-term investments of ₹5.1B.
Key information
23.94%
Debt to equity ratio
₹21.95b
Debt
| Interest coverage ratio | 6.9x |
| Cash | ₹5.08b |
| Equity | ₹91.69b |
| Total liabilities | ₹45.22b |
| Total assets | ₹136.92b |
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
The Return Trends At Fortis Healthcare (NSE:FORTIS) Look Promising
May 22Fortis Healthcare Limited's (NSE:FORTIS) Share Price Could Signal Some Risk
Mar 30If EPS Growth Is Important To You, Fortis Healthcare (NSE:FORTIS) Presents An Opportunity
Mar 15Results: Fortis Healthcare Limited Beat Earnings Expectations And Analysts Now Have New Forecasts
Feb 12Investors Will Want Fortis Healthcare's (NSE:FORTIS) Growth In ROCE To Persist
Jan 15Fortis Healthcare (NSE:FORTIS) Has A Rock Solid Balance Sheet
Dec 13
Digital Initiatives And Agilus Diagnostics' Margin Improvements To Drive Earnings Growth
Improved hospital occupancy and growth in key specialties could enhance revenue growth and profitability, with impacts on net margins.Does 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 18Financial Position Analysis
Short Term Liabilities: FORTIS's short term assets (₹14.7B) do not cover its short term liabilities (₹16.1B).
Long Term Liabilities: FORTIS's short term assets (₹14.7B) do not cover its long term liabilities (₹29.1B).
Debt to Equity History and Analysis
Debt Level: FORTIS's net debt to equity ratio (18.4%) is considered satisfactory.
Reducing Debt: FORTIS's debt to equity ratio has increased from 18.8% to 23.9% over the past 5 years.
Debt Coverage: FORTIS's debt is well covered by operating cash flow (64.9%).
Interest Coverage: FORTIS's interest payments on its debt are well covered by EBIT (6.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/23 17:42 |
| End of Day Share Price | 2025/05/23 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2025/03/31 |
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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 Github.
Analyst Sources
Fortis Healthcare Limited is covered by 33 analysts. 13 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 |
| Sriraam Rathi | Anand Rathi Shares and Stock Brokers Limited |