Finolex Industries Balance Sheet Health
Financial Health criteria checks 5/6
Finolex Industries has a total shareholder equity of ₹56.3B and total debt of ₹3.8B, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are ₹70.6B and ₹14.2B respectively. Finolex Industries's EBIT is ₹4.7B making its interest coverage ratio 12.9. It has cash and short-term investments of ₹19.4B.
Key information
6.8%
Debt to equity ratio
₹3.82b
Debt
Interest coverage ratio | 12.9x |
Cash | ₹19.37b |
Equity | ₹56.34b |
Total liabilities | ₹14.24b |
Total assets | ₹70.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500940's short term assets (₹32.0B) exceed its short term liabilities (₹11.0B).
Long Term Liabilities: 500940's short term assets (₹32.0B) exceed its long term liabilities (₹3.2B).
Debt to Equity History and Analysis
Debt Level: 500940 has more cash than its total debt.
Reducing Debt: 500940's debt to equity ratio has increased from 3.5% to 6.8% over the past 5 years.
Debt Coverage: 500940's debt is well covered by operating cash flow (92.5%).
Interest Coverage: 500940's interest payments on its debt are well covered by EBIT (12.9x coverage).