Eveready Industries India Balance Sheet Health
Financial Health criteria checks 5/6
Eveready Industries India has a total shareholder equity of ₹3.9B and total debt of ₹2.9B, which brings its debt-to-equity ratio to 73.8%. Its total assets and total liabilities are ₹9.6B and ₹5.8B respectively. Eveready Industries India's EBIT is ₹1.1B making its interest coverage ratio 3.5. It has cash and short-term investments of ₹81.0M.
Key information
73.8%
Debt to equity ratio
₹2.85b
Debt
Interest coverage ratio | 3.5x |
Cash | ₹81.00m |
Equity | ₹3.87b |
Total liabilities | ₹5.76b |
Total assets | ₹9.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531508's short term assets (₹4.6B) exceed its short term liabilities (₹4.0B).
Long Term Liabilities: 531508's short term assets (₹4.6B) exceed its long term liabilities (₹1.7B).
Debt to Equity History and Analysis
Debt Level: 531508's net debt to equity ratio (71.7%) is considered high.
Reducing Debt: 531508's debt to equity ratio has reduced from 108.5% to 73.8% over the past 5 years.
Debt Coverage: 531508's debt is well covered by operating cash flow (54%).
Interest Coverage: 531508's interest payments on its debt are well covered by EBIT (3.5x coverage).