APL Apollo Tubes Balance Sheet Health
Financial Health criteria checks 6/6
APL Apollo Tubes has a total shareholder equity of ₹32.8B and total debt of ₹11.8B, which brings its debt-to-equity ratio to 35.9%. Its total assets and total liabilities are ₹63.0B and ₹30.2B respectively. APL Apollo Tubes's EBIT is ₹10.6B making its interest coverage ratio 13.5. It has cash and short-term investments of ₹7.1B.
Key information
35.9%
Debt to equity ratio
₹11.76b
Debt
Interest coverage ratio | 13.5x |
Cash | ₹7.13b |
Equity | ₹32.80b |
Total liabilities | ₹30.19b |
Total assets | ₹63.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533758's short term assets (₹27.6B) exceed its short term liabilities (₹21.4B).
Long Term Liabilities: 533758's short term assets (₹27.6B) exceed its long term liabilities (₹8.8B).
Debt to Equity History and Analysis
Debt Level: 533758's net debt to equity ratio (14.1%) is considered satisfactory.
Reducing Debt: 533758's debt to equity ratio has reduced from 119.8% to 35.9% over the past 5 years.
Debt Coverage: 533758's debt is well covered by operating cash flow (66.1%).
Interest Coverage: 533758's interest payments on its debt are well covered by EBIT (13.5x coverage).