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
Does Fortis Healthcare (NSE:FORTIS) Have A Healthy Balance Sheet?
Jun 18
Does Fortis Healthcare (NSE:FORTIS) Have A Healthy Balance Sheet?
Sep 12These 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 09Recent updates
Earnings 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 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 23Financial 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).