Deepak Nitrite Balance Sheet Health
Financial Health criteria checks 6/6
Deepak Nitrite has a total shareholder equity of ₹51.2B and total debt of ₹7.9B, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are ₹70.1B and ₹18.8B respectively. Deepak Nitrite's EBIT is ₹10.7B making its interest coverage ratio 70.8. It has cash and short-term investments of ₹8.5B.
Key information
15.4%
Debt to equity ratio
₹7.91b
Debt
| Interest coverage ratio | 70.8x |
| Cash | ₹8.52b |
| Equity | ₹51.25b |
| Total liabilities | ₹18.84b |
| Total assets | ₹70.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506401's short term assets (₹31.9B) exceed its short term liabilities (₹8.4B).
Long Term Liabilities: 506401's short term assets (₹31.9B) exceed its long term liabilities (₹10.5B).
Debt to Equity History and Analysis
Debt Level: 506401 has more cash than its total debt.
Reducing Debt: 506401's debt to equity ratio has reduced from 82.9% to 15.4% over the past 5 years.
Debt Coverage: 506401's debt is well covered by operating cash flow (84.4%).
Interest Coverage: 506401's interest payments on its debt are well covered by EBIT (70.8x coverage).