Vaswani Industries Balance Sheet Health
Financial Health criteria checks 5/6
Vaswani Industries has a total shareholder equity of ₹1.2B and total debt of ₹490.4M, which brings its debt-to-equity ratio to 42.2%. Its total assets and total liabilities are ₹2.1B and ₹945.5M respectively. Vaswani Industries's EBIT is ₹168.1M making its interest coverage ratio 2.1. It has cash and short-term investments of ₹180.0M.
Key information
42.2%
Debt to equity ratio
₹490.39m
Debt
Interest coverage ratio | 2.1x |
Cash | ₹179.99m |
Equity | ₹1.16b |
Total liabilities | ₹945.54m |
Total assets | ₹2.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533576's short term assets (₹1.4B) exceed its short term liabilities (₹765.1M).
Long Term Liabilities: 533576's short term assets (₹1.4B) exceed its long term liabilities (₹180.5M).
Debt to Equity History and Analysis
Debt Level: 533576's net debt to equity ratio (26.7%) is considered satisfactory.
Reducing Debt: 533576's debt to equity ratio has reduced from 58% to 42.2% over the past 5 years.
Debt Coverage: 533576's debt is well covered by operating cash flow (49.2%).
Interest Coverage: 533576's interest payments on its debt are not well covered by EBIT (2.1x coverage).