Hitech Balance Sheet Health
Financial Health criteria checks 5/6
Hitech has a total shareholder equity of ₹2.6B and total debt of ₹803.8M, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are ₹3.9B and ₹1.3B respectively. Hitech's EBIT is ₹366.2M making its interest coverage ratio 2.6. It has cash and short-term investments of ₹7.0M.
Key information
30.5%
Debt to equity ratio
₹803.84m
Debt
| Interest coverage ratio | 2.6x |
| Cash | ₹7.04m |
| Equity | ₹2.63b |
| Total liabilities | ₹1.26b |
| Total assets | ₹3.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526217's short term assets (₹950.9M) exceed its short term liabilities (₹844.9M).
Long Term Liabilities: 526217's short term assets (₹950.9M) exceed its long term liabilities (₹412.9M).
Debt to Equity History and Analysis
Debt Level: 526217's net debt to equity ratio (30.2%) is considered satisfactory.
Reducing Debt: 526217's debt to equity ratio has reduced from 104.8% to 30.5% over the past 5 years.
Debt Coverage: 526217's debt is well covered by operating cash flow (67.9%).
Interest Coverage: 526217's interest payments on its debt are not well covered by EBIT (2.6x coverage).