Vikas Ecotech Balance Sheet Health
Financial Health criteria checks 5/6
Vikas Ecotech has a total shareholder equity of ₹3.4B and total debt of ₹81.3M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are ₹3.9B and ₹482.5M respectively. Vikas Ecotech's EBIT is ₹168.6M making its interest coverage ratio 2.4. It has cash and short-term investments of ₹30.0M.
Key information
2.4%
Debt to equity ratio
₹81.26m
Debt
Interest coverage ratio | 2.4x |
Cash | ₹30.03m |
Equity | ₹3.40b |
Total liabilities | ₹482.47m |
Total assets | ₹3.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530961's short term assets (₹2.2B) exceed its short term liabilities (₹479.7M).
Long Term Liabilities: 530961's short term assets (₹2.2B) exceed its long term liabilities (₹2.7M).
Debt to Equity History and Analysis
Debt Level: 530961's net debt to equity ratio (1.5%) is considered satisfactory.
Reducing Debt: 530961's debt to equity ratio has reduced from 90.9% to 2.4% over the past 5 years.
Debt Coverage: 530961's debt is well covered by operating cash flow (1204.4%).
Interest Coverage: 530961's interest payments on its debt are not well covered by EBIT (2.4x coverage).