Deepak Nitrite Balance Sheet Health
Financial Health criteria checks 6/6
Deepak Nitrite has a total shareholder equity of ₹43.4B and total debt of ₹669.0M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are ₹52.7B and ₹9.3B respectively. Deepak Nitrite's EBIT is ₹10.3B making its interest coverage ratio 118.9. It has cash and short-term investments of ₹5.4B.
Key information
1.5%
Debt to equity ratio
₹669.00m
Debt
Interest coverage ratio | 118.9x |
Cash | ₹5.39b |
Equity | ₹43.42b |
Total liabilities | ₹9.26b |
Total assets | ₹52.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506401's short term assets (₹25.8B) exceed its short term liabilities (₹6.9B).
Long Term Liabilities: 506401's short term assets (₹25.8B) exceed its long term liabilities (₹2.4B).
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 109.9% to 1.5% over the past 5 years.
Debt Coverage: 506401's debt is well covered by operating cash flow (1319.3%).
Interest Coverage: 506401's interest payments on its debt are well covered by EBIT (118.9x coverage).