I G Petrochemicals Balance Sheet Health
Financial Health criteria checks 5/6
I G Petrochemicals has a total shareholder equity of ₹12.5B and total debt of ₹3.7B, which brings its debt-to-equity ratio to 29.9%. Its total assets and total liabilities are ₹21.0B and ₹8.5B respectively. I G Petrochemicals's EBIT is ₹973.0M making its interest coverage ratio 7.6. It has cash and short-term investments of ₹2.9B.
Key information
29.9%
Debt to equity ratio
₹3.74b
Debt
Interest coverage ratio | 7.6x |
Cash | ₹2.90b |
Equity | ₹12.49b |
Total liabilities | ₹8.48b |
Total assets | ₹20.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500199's short term assets (₹8.6B) exceed its short term liabilities (₹5.3B).
Long Term Liabilities: 500199's short term assets (₹8.6B) exceed its long term liabilities (₹3.1B).
Debt to Equity History and Analysis
Debt Level: 500199's net debt to equity ratio (6.7%) is considered satisfactory.
Reducing Debt: 500199's debt to equity ratio has increased from 28.2% to 29.9% over the past 5 years.
Debt Coverage: 500199's debt is well covered by operating cash flow (37.7%).
Interest Coverage: 500199's interest payments on its debt are well covered by EBIT (7.6x coverage).