Hitech Balance Sheet Health
Financial Health criteria checks 6/6
Hitech has a total shareholder equity of ₹2.5B and total debt of ₹677.0M, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are ₹3.6B and ₹1.0B respectively. Hitech's EBIT is ₹403.2M making its interest coverage ratio 3.1. It has cash and short-term investments of ₹12.9M.
Key information
26.6%
Debt to equity ratio
₹677.01m
Debt
Interest coverage ratio | 3.1x |
Cash | ₹12.88m |
Equity | ₹2.54b |
Total liabilities | ₹1.04b |
Total assets | ₹3.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526217's short term assets (₹976.7M) exceed its short term liabilities (₹837.0M).
Long Term Liabilities: 526217's short term assets (₹976.7M) exceed its long term liabilities (₹200.0M).
Debt to Equity History and Analysis
Debt Level: 526217's net debt to equity ratio (26.1%) is considered satisfactory.
Reducing Debt: 526217's debt to equity ratio has reduced from 116.2% to 26.6% over the past 5 years.
Debt Coverage: 526217's debt is well covered by operating cash flow (78.9%).
Interest Coverage: 526217's interest payments on its debt are well covered by EBIT (3.1x coverage).