Orient Ceratech Balance Sheet Health
Financial Health criteria checks 5/6
Orient Ceratech has a total shareholder equity of ₹2.8B and total debt of ₹576.2M, which brings its debt-to-equity ratio to 20.9%. Its total assets and total liabilities are ₹4.1B and ₹1.3B respectively. Orient Ceratech's EBIT is ₹204.8M making its interest coverage ratio 6.3. It has cash and short-term investments of ₹56.2M.
Key information
20.9%
Debt to equity ratio
₹576.23m
Debt
Interest coverage ratio | 6.3x |
Cash | ₹56.18m |
Equity | ₹2.76b |
Total liabilities | ₹1.31b |
Total assets | ₹4.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 504879's short term assets (₹2.3B) exceed its short term liabilities (₹1.0B).
Long Term Liabilities: 504879's short term assets (₹2.3B) exceed its long term liabilities (₹281.9M).
Debt to Equity History and Analysis
Debt Level: 504879's net debt to equity ratio (18.9%) is considered satisfactory.
Reducing Debt: 504879's debt to equity ratio has reduced from 35.2% to 20.9% over the past 5 years.
Debt Coverage: 504879's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 504879's interest payments on its debt are well covered by EBIT (6.3x coverage).