Kovai Medical Center and Hospital Balance Sheet Health
Financial Health criteria checks 5/6
Kovai Medical Center and Hospital has a total shareholder equity of ₹7.8B and total debt of ₹3.5B, which brings its debt-to-equity ratio to 45.4%. Its total assets and total liabilities are ₹14.0B and ₹6.2B respectively. Kovai Medical Center and Hospital's EBIT is ₹2.0B making its interest coverage ratio 7.2. It has cash and short-term investments of ₹1.8B.
Key information
45.4%
Debt to equity ratio
₹3.55b
Debt
Interest coverage ratio | 7.2x |
Cash | ₹1.81b |
Equity | ₹7.81b |
Total liabilities | ₹6.19b |
Total assets | ₹14.01b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: KOVAI's short term assets (₹2.4B) exceed its short term liabilities (₹1.9B).
Long Term Liabilities: KOVAI's short term assets (₹2.4B) do not cover its long term liabilities (₹4.3B).
Debt to Equity History and Analysis
Debt Level: KOVAI's net debt to equity ratio (22.2%) is considered satisfactory.
Reducing Debt: KOVAI's debt to equity ratio has reduced from 91.7% to 45.4% over the past 5 years.
Debt Coverage: KOVAI's debt is well covered by operating cash flow (77%).
Interest Coverage: KOVAI's interest payments on its debt are well covered by EBIT (7.2x coverage).