Incredible Industries Balance Sheet Health
Financial Health criteria checks 4/6
Incredible Industries has a total shareholder equity of ₹1.3B and total debt of ₹503.4M, which brings its debt-to-equity ratio to 39.2%. Its total assets and total liabilities are ₹2.1B and ₹840.2M respectively. Incredible Industries's EBIT is ₹148.2M making its interest coverage ratio 2.6. It has cash and short-term investments of ₹33.5M.
Key information
39.2%
Debt to equity ratio
₹503.36m
Debt
Interest coverage ratio | 2.6x |
Cash | ₹33.52m |
Equity | ₹1.29b |
Total liabilities | ₹840.22m |
Total assets | ₹2.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 538365's short term assets (₹1.7B) exceed its short term liabilities (₹665.8M).
Long Term Liabilities: 538365's short term assets (₹1.7B) exceed its long term liabilities (₹174.4M).
Debt to Equity History and Analysis
Debt Level: 538365's net debt to equity ratio (36.6%) is considered satisfactory.
Reducing Debt: 538365's debt to equity ratio has reduced from 51.2% to 39.2% over the past 5 years.
Debt Coverage: 538365's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: 538365's interest payments on its debt are not well covered by EBIT (2.6x coverage).