Everest Kanto Cylinder Balance Sheet Health
Financial Health criteria checks 6/6
Everest Kanto Cylinder has a total shareholder equity of ₹11.0B and total debt of ₹654.5M, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are ₹14.1B and ₹3.1B respectively. Everest Kanto Cylinder's EBIT is ₹1.3B making its interest coverage ratio 23.1. It has cash and short-term investments of ₹1.1B.
Key information
5.9%
Debt to equity ratio
₹654.54m
Debt
| Interest coverage ratio | 23.1x |
| Cash | ₹1.06b |
| Equity | ₹11.00b |
| Total liabilities | ₹3.13b |
| Total assets | ₹14.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532684's short term assets (₹8.8B) exceed its short term liabilities (₹2.6B).
Long Term Liabilities: 532684's short term assets (₹8.8B) exceed its long term liabilities (₹491.6M).
Debt to Equity History and Analysis
Debt Level: 532684 has more cash than its total debt.
Reducing Debt: 532684's debt to equity ratio has reduced from 52.1% to 5.9% over the past 5 years.
Debt Coverage: 532684's debt is well covered by operating cash flow (345.9%).
Interest Coverage: 532684's interest payments on its debt are well covered by EBIT (23.1x coverage).