Finolex Industries Balance Sheet Health
Financial Health criteria checks 5/6
Finolex Industries has a total shareholder equity of ₹67.9B and total debt of ₹3.5B, which brings its debt-to-equity ratio to 5.2%. Its total assets and total liabilities are ₹83.9B and ₹16.1B respectively. Finolex Industries's EBIT is ₹4.4B making its interest coverage ratio -19.7. It has cash and short-term investments of ₹21.7B.
Key information
5.2%
Debt to equity ratio
₹3.51b
Debt
| Interest coverage ratio | -19.7x |
| Cash | ₹21.73b |
| Equity | ₹67.87b |
| Total liabilities | ₹16.07b |
| Total assets | ₹83.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500940's short term assets (₹32.7B) exceed its short term liabilities (₹11.3B).
Long Term Liabilities: 500940's short term assets (₹32.7B) exceed its long term liabilities (₹4.7B).
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 0.05% to 5.2% over the past 5 years.
Debt Coverage: 500940's debt is well covered by operating cash flow (174.5%).
Interest Coverage: 500940 earns more interest than it pays, so coverage of interest payments is not a concern.