I G Petrochemicals Balance Sheet Health
Financial Health criteria checks 5/6
I G Petrochemicals has a total shareholder equity of ₹12.9B and total debt of ₹4.1B, which brings its debt-to-equity ratio to 31.5%. Its total assets and total liabilities are ₹22.4B and ₹9.4B respectively. I G Petrochemicals's EBIT is ₹859.6M making its interest coverage ratio 4. It has cash and short-term investments of ₹2.8B.
Key information
31.5%
Debt to equity ratio
₹4.08b
Debt
| Interest coverage ratio | 4x |
| Cash | ₹2.79b |
| Equity | ₹12.94b |
| Total liabilities | ₹9.43b |
| Total assets | ₹22.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500199's short term assets (₹9.5B) exceed its short term liabilities (₹6.4B).
Long Term Liabilities: 500199's short term assets (₹9.5B) exceed its long term liabilities (₹3.0B).
Debt to Equity History and Analysis
Debt Level: 500199's net debt to equity ratio (10%) is considered satisfactory.
Reducing Debt: 500199's debt to equity ratio has reduced from 36.2% to 31.5% over the past 5 years.
Debt Coverage: 500199's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 500199's interest payments on its debt are well covered by EBIT (4x coverage).