Bright Brothers Balance Sheet Health
Financial Health criteria checks 3/6
Bright Brothers has a total shareholder equity of ₹727.3M and total debt of ₹659.8M, which brings its debt-to-equity ratio to 90.7%. Its total assets and total liabilities are ₹2.2B and ₹1.5B respectively. Bright Brothers's EBIT is ₹116.1M making its interest coverage ratio 1.7. It has cash and short-term investments of ₹112.5M.
Key information
90.7%
Debt to equity ratio
₹659.85m
Debt
| Interest coverage ratio | 1.7x |
| Cash | ₹112.46m |
| Equity | ₹727.25m |
| Total liabilities | ₹1.46b |
| Total assets | ₹2.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526731's short term assets (₹1.3B) exceed its short term liabilities (₹1.1B).
Long Term Liabilities: 526731's short term assets (₹1.3B) exceed its long term liabilities (₹331.7M).
Debt to Equity History and Analysis
Debt Level: 526731's net debt to equity ratio (75.3%) is considered high.
Reducing Debt: 526731's debt to equity ratio has increased from 22.3% to 90.7% over the past 5 years.
Debt Coverage: 526731's debt is well covered by operating cash flow (20.4%).
Interest Coverage: 526731's interest payments on its debt are not well covered by EBIT (1.7x coverage).